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Zen, I think you're spot-on...
Certainly there are benefits from corporations as legal entities
to raise money via stock and bonds to do work.
And some do go into various forms of bankruptcy.
But viable corporations don't die !
They only replace their elder minions, who do die and
their estates do get re-distributed back into society.
So corporations grow year after year acquiring capital assets.
Follow this to it's ad nauseum end and corporations will eventually
essentially own all such assets: business, financial, real estate., etc.,
unless there is some form of governmental balancing their capital growth.
Currently I don't see any such a balancing mechanism.
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