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Apart, as someone else has pointed out, being kind of meaningless since corporations only exist because of government violence too, it's also rather unhistorical. During the initial phase of the emergence of unions in Britain they were banned under the Combination Act 1799 - an odd thing to do if unions only exist because of positive government action. They often persisted in spite of such legislation in the form of friendly societies and the like. Even today in most of the West unions have at least many restrictions on their behaviour as they do protections.
Corporations would exists without government violence. And historically there are examples of them happening like basically any long distance trade. Where a group of people wanting to share risks in the enterprise.
Trade might happen without government violence (though they would still be involved in protecting the property of those engaged in trade), but the corporation as it exists in modern America is absolutely the product of government intervention, especially in terms of creating the necessary legal infrastructure for things such as limited liability companies. In addition government intervention assists corporate activity via patents and trademarks, regulation of union activity and most of all creating the peaceable environment that allows their private property 'rights' to have any meaning at all.
Why couldn’t limited liability corporations exists without government?
If I buy consumer product from “Y” there is a risks the product fails and I get hurt etc. But I could still see public disclosures on their equity risks and see that the loss to shareholders is limited. So if I buy a car from them and the brakes fail killing my daughter I still contracted for that risks and as the consumer would realize I can’t sue them for full value.
because limited liability for tort victims only exists with state intervention
limited liability against consumers, creditors, employees, other known parties, could all be done by mutual agreement, but limited liability to third parties, e.g., someone who is killed by one of the corporation's drivers, can only exist with state intervention
to see how clownish this can get, check out some of the horror stories related to people who are injured by cabs: driver has no money, car is owned by one company, taxi medallion owned by another company, and only $20,000 (probably different now) insurance policy is required
you may have agreed to the risk, but the claim would rest with your daughter, for which you likely have a survivor claim wrongful death lawsuit on her behalf, even if we agreed you had signed away your "rights" by buying the product
I'm sure we could come up with a hypo to avoid this issue and I only mentioned this because it reveals a third party innocent who has not agreed to limited liability.
Can agree unrelated third party issues would exists.
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