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Why limited liability for usurers is a mistake
To most people, stock corporations represent capitalism. We're told that it's the "smart" way to profit. Invest your surplus money tokens, collectively, and over time, receive back your "interest" (dividends). Inevitably, someone trots out a scathing indictment of corporate disregard for the person or property of another. Then they link that indictment as their proof that capitalism is inherently evil, and that the replacement for capitalism, socialism (or communism) is the right solution.
Wrong solution for the wrong problem
If that was only true... but the facts are quite the opposite.
CAPITALISM - An economic system in which the means of production, distribution and exchange are privately owned and operated for private profit. WEBSTER'S DICTIONARY
PRIVATE PROPERTY - "As protected from being taken for public uses, is such property as belongs absolutely to an individual, and of which he has the exclusive right of disposition. Property of a specific, fixed and tangible nature, capable of being in possession and transmitted to another, such as houses, lands, and chattels." - - - Black's Law dictionary, sixth ed., p.1217
If you concatenate capitalism with private property, you can see the "inconvenient truth".
Capitalism is an economic system in which the means of production, distribution and exchange are absolutely owned by individuals and operated for their individual profit. There is nothing in that definition that includes qualified ownership of a limited liability enterprise engaged in usury.
The real problem is usury
Usury is based on an abominable scam [fraud] to deprive owners of their property. If anything, usury is anathema to capitalism and the owners of private property. Based on the cruel fact that the aggregate total sum of outstanding debt (principle [sic] and interest) exceeds the total sum of available money tokens, a proportion of debtors must default, simply because there is no possible way to discharge their obligation. The usurer, knowing that the game is rigged, insists on "collateral", a pledge of something of equal or greater value than the outstanding debt. When the expected proportion of debtors default, the usurer exercises his evil power. The usurer confiscates the pledged property, using the awesome force of government to protect him from the wrath of its victim.
That is but one way limited liability usury inflicts injury to individuals, and to society, as a whole.
The corporation (or artificial person) created as a means by which investors in usury can be spared the legal responsibility for injuries inflicted during the pursuit of gain is but another abomination. Not only do usurers escape their moral obligation to offer compensation for injuries they indirectly inflict for profit, they often profit more from the deliberate injury to others. In case after case, when a corporation faces an adverse judgment, the artificial entity suddenly dissolves in bankruptcy, and the assets are mysteriously absent, leaving the plaintiffs without any recourse. Where did those assets go? To the pockets of those usurers who had organized the "person", goeth the money, no doubt.
But another facet of the corruption by usurers via international corporations, is the redefinition of expectation.
For example, investors pool their moneys into limited liability corporations for the express purpose of receiving more than what they invested. But remember that the finite money token system has no mathematically sound way to proportionally increase in step. Therefore, investors are placing an expectation that their enterprise battle for a larger and larger share of money tokens than what they put into the marketplace.
From casual examination, it would appear that "strong" profitable corporations prosper while "weak" unprofitable corporations are pushed over the edge. But that's not what really happens. The economic warriors of limited liability are not concerned with prosperity - the creation and exchange of surplus goods and services. Their focus is on a return on investment - dividends - by what ever means, fair or foul.
That's how a corporation's upper management excuses a salary that is equivalent to the hiring of 100's or 1000's of productive laborers. The game is not the creation of MORE goods and services, but the acquisition of more money tokens.
(If we use $50k as a "good salary" for a skilled and productive worker, each million paid to corporate officers offsets the hiring and production of 20 workers. And no amount of "magic" can make that officer outproduce those displaced workers.)
More often than not, the "official salary" hides the fact that stock options amount to millions of incentives to boost stock price via a healthy dividend. Reuben Mark, CEO of Colgate-Palmolive, received a remuneration total of $148.0 million (2004). His compensation offset the hiring and productive output of 2960 "skilled" workers. Multiply that offset throughout society, and you can see the dire results. It's no surprise that many businesses resort to hiring undocumented aliens, who are "off the books", and do not incur overhead charges (such as socialism inflicts). American businesses are strained to the limit, trying to carve their sliver of the economic pie beset with usurers.
See the problem?
Civilization is not enriched by the acquisition of money tokens. Civilization is enriched by the increased goods and services available. The evils of usury and its ally, socialism, force millions into underpaid occupations, whose very existence is mandated by the voracious appetite for gain at another's pain. Such flawed thinking drove out local manufacturers, and congregated production into the most "profitable" *(by the measure of usury) locations and populations, no matter how distant they are from their markets.
And though the specific goods and services appeared to be "cheaper", the actual overhead costs, i.e., financing, were prodigious, to say the least. Thus the workers feel exploited, the customers are ashamed, and the usurers escape all blame for their warped greed.
Thus we see corporations and private enterprise as a whole, run on the flawed goal of "making more money". No new money is being made, but a larger cut of the finite pie IS being taken.
Now, who suffers the most from unrestrained usury? Those who have no protection - those who aren't exempt from liability, nor the cost of paying for the errors of corporations. But the whole society is harmed by the enforced scarcity and deprivation that usury inflicts.
As long as money is scarce, credit is in demand. The usurer has eager customers. As long as money is scarce, investors will demand higher profits without regard for the consequences. As long as usurers define what is and what is not part of the marketplace, by virtue of their investing strategies, mankind is deprived of diversity and satisfaction. As long as producers are powerless from the depredations of predators and parasites, hard working people will be penalized, while the drones are rewarded for their destructive actions. And the usurers will dictate the behavior of the servant government, which will not be pleasant for the debtor.
Case in point - American housing industry. The interaction of usury, socialism, and greed have created an institution that constructs marketable (sales driven) housing at minimum standards. Not only that, but the housing is wasteful of resources to operate and maintain. Worst of all, this housing is a drain upon the working lifetime of the debtor who buys the overpriced structure. Each "solution" imposes another costly skim, either for the benefit of usurers or their protectors in government.
Despite the mass production tools available, new housing conforms to carefully dictated categories - custom "new" homes (stylish and extravagant) but sadly lacking in energy efficiency, "Tract" housing, built from a common set of plans, again lacking in frugality or energy efficiency, and the remnant of "public funded" housing for the poor. And we all know how well that solution fared. The many federally funded housing projects decayed into slums faster than expected.
The consequence of such usury driven thinking is more and more underperforming shelter, that requires a disproportionate amount of one's labor to pay for, repair and maintain. Not only that, but many private owners are prevented from utilizing their property as they see fit, thanks to the layers of bureaucracy and regulation "for the good of the neighborhood". (Trans. artificially inflated values that enrich the usurers and tax collectors)
In contrast, one can find many examples in Europe and Asia, of shelter that has endured many hundreds of years, with only modest costs in labor or materials to maintain. It's no surprise that such areas often have a pace of life that is not driven by the whip of usury. (The "rat race" is one of the by products of excessive infestation of parasites.)
As the international financial community ratchets up the usury scam, we should see a wholesale shift in emphasis, displayed in the mass media. There will be more and more urgings to "invest" and add more money tokens to the pool, where the sharks can feed with glee. And as the speculation bubble begins to reach critical, those who "followed the leader" will suddenly be left with nothing. So the trick is to observe what the "smart folks" are doing with their excess money tokens to gauge the situation.
For example, millionaire estates are one of the biggest booms in Florida, a state notoriously protective of its socialist cadre of parasites (retirees). Since one's "homestead" can be exempt from the ravages of the court system, Florida real estate is an ideal reservoir for one's surplus money tokens. Obviously, they do not wish to leave their money tokens as mere accounting ticks in the books of the banks. They want something that they can hold on to, while the rest of us go down the drain. However, the sad joke is that the architects devote their efforts toward producing status symbols, not machines for living, at the least cost to the owner. More often than not, such mansions are grotesque exercises in excess, waste, and offer little protection from the ravages of nature.
The lesson is not that we should all construct investment housing, but that the "smart money" is not keeping it in the speculative stock market (about to implode) nor in banks (also about to implode). The savvy predators are preparing for a "shift". And when that "shift" hits the proverbial fan, you would rather not be injured.
Frankly, using the analogy of the asteroid strike of 65 million years ago, being the "little mammal" underground, and out of sight, was more conducive to survival, than being the biggest, baddest, boldest creature on the top of the food chain.
Ultimately, you will have to find an individual solution while "swimming with sharks" in the marketplace. But whatever you choose, avoid entanglements with usury at all costs. For such entanglements will make you the dinner menu for the sharks of usury.
To most people, stock corporations represent capitalism. We're told that it's the "smart" way to profit. Invest your surplus money tokens, collectively, and over time, receive back your "interest" (dividends). Inevitably, someone trots out a scathing indictment of corporate disregard for the person or property of another. Then they link that indictment as their proof that capitalism is inherently evil, and that the replacement for capitalism, socialism (or communism) is the right solution.
Wrong solution for the wrong problem
If that was only true... but the facts are quite the opposite.
CAPITALISM - An economic system in which the means of production, distribution and exchange are privately owned and operated for private profit. WEBSTER'S DICTIONARY
PRIVATE PROPERTY - "As protected from being taken for public uses, is such property as belongs absolutely to an individual, and of which he has the exclusive right of disposition. Property of a specific, fixed and tangible nature, capable of being in possession and transmitted to another, such as houses, lands, and chattels." - - - Black's Law dictionary, sixth ed., p.1217
If you concatenate capitalism with private property, you can see the "inconvenient truth".
Capitalism is an economic system in which the means of production, distribution and exchange are absolutely owned by individuals and operated for their individual profit. There is nothing in that definition that includes qualified ownership of a limited liability enterprise engaged in usury.
The real problem is usury
Usury is based on an abominable scam [fraud] to deprive owners of their property. If anything, usury is anathema to capitalism and the owners of private property. Based on the cruel fact that the aggregate total sum of outstanding debt (principle [sic] and interest) exceeds the total sum of available money tokens, a proportion of debtors must default, simply because there is no possible way to discharge their obligation. The usurer, knowing that the game is rigged, insists on "collateral", a pledge of something of equal or greater value than the outstanding debt. When the expected proportion of debtors default, the usurer exercises his evil power. The usurer confiscates the pledged property, using the awesome force of government to protect him from the wrath of its victim.
That is but one way limited liability usury inflicts injury to individuals, and to society, as a whole.
The corporation (or artificial person) created as a means by which investors in usury can be spared the legal responsibility for injuries inflicted during the pursuit of gain is but another abomination. Not only do usurers escape their moral obligation to offer compensation for injuries they indirectly inflict for profit, they often profit more from the deliberate injury to others. In case after case, when a corporation faces an adverse judgment, the artificial entity suddenly dissolves in bankruptcy, and the assets are mysteriously absent, leaving the plaintiffs without any recourse. Where did those assets go? To the pockets of those usurers who had organized the "person", goeth the money, no doubt.
But another facet of the corruption by usurers via international corporations, is the redefinition of expectation.
For example, investors pool their moneys into limited liability corporations for the express purpose of receiving more than what they invested. But remember that the finite money token system has no mathematically sound way to proportionally increase in step. Therefore, investors are placing an expectation that their enterprise battle for a larger and larger share of money tokens than what they put into the marketplace.
From casual examination, it would appear that "strong" profitable corporations prosper while "weak" unprofitable corporations are pushed over the edge. But that's not what really happens. The economic warriors of limited liability are not concerned with prosperity - the creation and exchange of surplus goods and services. Their focus is on a return on investment - dividends - by what ever means, fair or foul.
That's how a corporation's upper management excuses a salary that is equivalent to the hiring of 100's or 1000's of productive laborers. The game is not the creation of MORE goods and services, but the acquisition of more money tokens.
(If we use $50k as a "good salary" for a skilled and productive worker, each million paid to corporate officers offsets the hiring and production of 20 workers. And no amount of "magic" can make that officer outproduce those displaced workers.)
More often than not, the "official salary" hides the fact that stock options amount to millions of incentives to boost stock price via a healthy dividend. Reuben Mark, CEO of Colgate-Palmolive, received a remuneration total of $148.0 million (2004). His compensation offset the hiring and productive output of 2960 "skilled" workers. Multiply that offset throughout society, and you can see the dire results. It's no surprise that many businesses resort to hiring undocumented aliens, who are "off the books", and do not incur overhead charges (such as socialism inflicts). American businesses are strained to the limit, trying to carve their sliver of the economic pie beset with usurers.
See the problem?
Civilization is not enriched by the acquisition of money tokens. Civilization is enriched by the increased goods and services available. The evils of usury and its ally, socialism, force millions into underpaid occupations, whose very existence is mandated by the voracious appetite for gain at another's pain. Such flawed thinking drove out local manufacturers, and congregated production into the most "profitable" *(by the measure of usury) locations and populations, no matter how distant they are from their markets.
And though the specific goods and services appeared to be "cheaper", the actual overhead costs, i.e., financing, were prodigious, to say the least. Thus the workers feel exploited, the customers are ashamed, and the usurers escape all blame for their warped greed.
Thus we see corporations and private enterprise as a whole, run on the flawed goal of "making more money". No new money is being made, but a larger cut of the finite pie IS being taken.
Now, who suffers the most from unrestrained usury? Those who have no protection - those who aren't exempt from liability, nor the cost of paying for the errors of corporations. But the whole society is harmed by the enforced scarcity and deprivation that usury inflicts.
As long as money is scarce, credit is in demand. The usurer has eager customers. As long as money is scarce, investors will demand higher profits without regard for the consequences. As long as usurers define what is and what is not part of the marketplace, by virtue of their investing strategies, mankind is deprived of diversity and satisfaction. As long as producers are powerless from the depredations of predators and parasites, hard working people will be penalized, while the drones are rewarded for their destructive actions. And the usurers will dictate the behavior of the servant government, which will not be pleasant for the debtor.
Case in point - American housing industry. The interaction of usury, socialism, and greed have created an institution that constructs marketable (sales driven) housing at minimum standards. Not only that, but the housing is wasteful of resources to operate and maintain. Worst of all, this housing is a drain upon the working lifetime of the debtor who buys the overpriced structure. Each "solution" imposes another costly skim, either for the benefit of usurers or their protectors in government.
Despite the mass production tools available, new housing conforms to carefully dictated categories - custom "new" homes (stylish and extravagant) but sadly lacking in energy efficiency, "Tract" housing, built from a common set of plans, again lacking in frugality or energy efficiency, and the remnant of "public funded" housing for the poor. And we all know how well that solution fared. The many federally funded housing projects decayed into slums faster than expected.
The consequence of such usury driven thinking is more and more underperforming shelter, that requires a disproportionate amount of one's labor to pay for, repair and maintain. Not only that, but many private owners are prevented from utilizing their property as they see fit, thanks to the layers of bureaucracy and regulation "for the good of the neighborhood". (Trans. artificially inflated values that enrich the usurers and tax collectors)
In contrast, one can find many examples in Europe and Asia, of shelter that has endured many hundreds of years, with only modest costs in labor or materials to maintain. It's no surprise that such areas often have a pace of life that is not driven by the whip of usury. (The "rat race" is one of the by products of excessive infestation of parasites.)
As the international financial community ratchets up the usury scam, we should see a wholesale shift in emphasis, displayed in the mass media. There will be more and more urgings to "invest" and add more money tokens to the pool, where the sharks can feed with glee. And as the speculation bubble begins to reach critical, those who "followed the leader" will suddenly be left with nothing. So the trick is to observe what the "smart folks" are doing with their excess money tokens to gauge the situation.
For example, millionaire estates are one of the biggest booms in Florida, a state notoriously protective of its socialist cadre of parasites (retirees). Since one's "homestead" can be exempt from the ravages of the court system, Florida real estate is an ideal reservoir for one's surplus money tokens. Obviously, they do not wish to leave their money tokens as mere accounting ticks in the books of the banks. They want something that they can hold on to, while the rest of us go down the drain. However, the sad joke is that the architects devote their efforts toward producing status symbols, not machines for living, at the least cost to the owner. More often than not, such mansions are grotesque exercises in excess, waste, and offer little protection from the ravages of nature.
The lesson is not that we should all construct investment housing, but that the "smart money" is not keeping it in the speculative stock market (about to implode) nor in banks (also about to implode). The savvy predators are preparing for a "shift". And when that "shift" hits the proverbial fan, you would rather not be injured.
Frankly, using the analogy of the asteroid strike of 65 million years ago, being the "little mammal" underground, and out of sight, was more conducive to survival, than being the biggest, baddest, boldest creature on the top of the food chain.
Ultimately, you will have to find an individual solution while "swimming with sharks" in the marketplace. But whatever you choose, avoid entanglements with usury at all costs. For such entanglements will make you the dinner menu for the sharks of usury.