miami_thomas
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- Jan 20, 2011
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- #21
A corporation is a legal arrangement by which an enterprise facilitates capitalist distribution of wealth. The same (or greater) level of production would be achieved by the same entity if, rather than "going public," it functioned as a profit-sharing enterprise with its employees alone benefiting from their efforts and enduring any declines rather than a body of shareholders.
A lot of corporations started out that way and ended up as corporations. They all make profits so to pretend there is a truly big difference is just silly.