¶ Corporation (1)
← Corporation | Corporation (2) →
Index Entry
Due to the corrupting power of gold and silver monies a few centuries ago, successful capitalist-speculators were able to achieve important irreversible advantage for themselves. Through the military leaders whose weaponing they weaponing they financed and the latter’s legal law-makers, law-yers, and law-administering judges, they established a social acceptance of a nonexistent imagination-accommodating entity of everyday life. This nonexistent entity which was mentally swallowed by the public greatly reduced their personal gambling risks. It was the invention of the corporation. The limited liability corporation is legally identified as Ltd., in England; as Inc., in the U.S.A.; as G.m.b.H., in Germany; as Societe Anonyme, in France, etc. The very words ‘limited liability corporation’-- a fiscal formality-- were utterly incomprehensible to 99.4 percent of the contemporary almost omni-illiterate population.
The limited liability corporation was a ‘legally’ recognized, but otherwise entirely imaginary man whose enterprising foresight and courage the riskers were ‘backing’-- as they ‘backed’ or ‘mounted’ a race horse. If the imaginary man
