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Is corporatism really capitalism or is it a veiled form of socialism for the rich?

Should we abolish incorporation and return to the two other business structures, single proprietorships and partnerships. Does the ability to hide behind an artificial entity make it easier for the real people who manage them to be irresponsible? I believe that it does and apparently so did the majority of our founding fathers. Of course, if we eliminate corporations, we would also have to modify the capacity to sue a company for frivolous reasons, which was the primary original purpose for incorporating in the first place. Would it be worth it to do so? What irks me, a former small businessman, concerning incorporation is that so few CEOs of large modern companies are the men or women who created them. I personally feel that a person who works in the corporate world for his entire life is much like a government bureaucrat and has no concept of the hardships that a true entrepreneur must endure to become successful. I also believe that it is much easier for a corporate leech to pillage a company that he merely works for than it would be for a founder of the company. It's a matter of pride that a person who has never been through the process would not understand.

Asked By: Ryunkin - 12/10/2009
Best Answer - Chosen by Asker
I think both some of the Americans and Hong Kong citizens are skeptical on the capitalism. More appropriately should have described America liberal capitalism and Hong Kong is definitely a fascist city of named as SAR (Special Administration Region) which with slogan of running Hong Kong by the local peoples. However... More
Answered By: Guo Lo C - 12/10/2009
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