formally, corporations are chartered legal entities, just like little mini-governments.Actually, they are little mini-people (the root word of corporation is corpus, same as corporeal or corpse).
i've always wanted to understand why libertarians seem to trust people scheming together in big business over people scheming together in big government.Because the state tends to have a monopoly on violence. Therefore the state tends to use violence- express or implied- to get what it wants. Corporations in some parts of the world do tend to employ armies and use violence to get what they want- but in those cases the corporation tends to become the state. This is particularly noticeable in the slave labor factories run by the Chinese army.
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posted by wfc123 at 10:08 AM on October 2, 2006