Specifically in the USA, but feel free to share your status quo. We live in the internet age, doesn’t that cut overhead with filing and make things cheaper?
Specifically in the USA, but feel free to share your status quo. We live in the internet age, doesn’t that cut overhead with filing and make things cheaper?
This point can’t be understated. A main feature of a developed economy is a strong legal system, meant to handle business and property disputes. A strong legal system protects investments.
For example, Iran is a country with a ridiculous amount of natural resources, yet their primary exports are nuts and rugs. This is becuase they don’t have a great legal system (and also they have the dubious honour of being the most sanctioned country in the world). Their government does what they want, when they want. If that means they jail you and seize all your assets on some made up grounds, then that’s what happens. The legal systems in developed nations is designed to prevent this from happening. That’s why it exists.
So what you’re saying is … legal systems are designed to protect the rich.
Yes but with arguments to back up my point so I don’t just sound like an angry teenager on reddit.
Ah, somehow it came off like you were saying the general population was the intended recipient of such benefits
And thus the question becomes how we can craft a fairer legal system that isn’t so pay-to-win, but still maintains the core principles of property rights that allows business to, ya know, happen. Sure we could do what many naïve people on the internet want and seize the means of production, but who on earth would want to start a productive business or make productive investments in a country where the government can just up and seize your assets without justification? Just as we need protection against businesses screwing us over, we also need protection against government screwing us over. Anyone who says we should just seize assets and nationalize industries willy nilly should ask themselves if they wanna risk some ghoul like Ron DeSantis being the one with the power to do that.
As to actual answers on how to make such a system that isn’t pay-to-win but still maintains a stable system and rule of law, I don’t actually know. I’m no expert in the legal system. But I’m sure there are experts out there who have spent a lot of time thinking about these sorts of questions and have ideas on how to improve/reform.
That’s why you don’t create a legal system where “the government can just up and seize your assets without justification”. You create a system where it is clearly defined when it becomes acceptable to socialize a company, and what forms of organization and management it is going to take, and what compensation is the entrepreneur entitled to in exchange.
The right wing fears governments and the left wing fears corporations but really it’s ALL metahuman entities that are suspect and should be regarded as predatory until they can show otherwise.