THE CAPITALIST CASE AGAINST THE CORPORATION

The paper criticizes the corporation from a liberal-capitalist point o f view, arguing that incorporation violates the rights and responsibil ities of private ownership. Aspects of current capitalist practice whi ch popularly invite criticism from anti-capitalist commentators (e.g. undue power concentration, speculative instability and excessive growt h/profit orientation) are traced back to the corporate form rather tha n to genuinely capitalist institutions such as private property and fr ee exchange. Some disadvantages connected to the proposed repeal of in corporation for private enterprise are discussed.