Wait, are you saying equity ownership and therefore control, of “US style corporations” isn't inheritable?
Wait, are you saying equity ownership and therefore control, of “US style corporations” isn't inheritable?
Schumpeter said something in the lines of "it's ironic that in democratic free-market countries most economic activity happens under hierarchical top-down organizations".
It’s only even slightly ironic if you ignore that “free-market” is the capitalist euphemism for a society whose structure is top-to-bottom regulated (largely, through the exact shape of the imposed definition of “property rights”) around principals engineered and fought for tooth-and-nail over centuries by the capitalist (née mercantile) class to allow their heirarchical top-down organizations to replace those of the feudal aristocracy as the main driving force in society.