Reply #32: They like corporations, but without limited liability [View All]

[muriel_volestrangler]

The Principle: Anti-trust laws do not prevent monopoly, but foster it by limiting competition. We defend the right of individuals to form corporations, cooperatives and other types of companies based on voluntary association.

Solutions: We condemn all coercive monopolies. In order to abolish them, we advocate a strict separation of business and State. Laws of incorporation should not include grants of monopoly privilege. In particular, we would eliminate special limits on the liability of corporations for damages caused in non-contractual transactions. We also oppose state or federal limits on the size of private companies and on the right of companies to merge. We further oppose efforts, in the name of social responsibility or any other reason, to expand federal chartering of corporations into a pretext for government control of business.

Transitional Solutions: We call for the repeal of all anti-trust laws, including the Robinson-Patman Act, which restricts price discounts, and the Sherman and Clayton Anti-Trust acts. We further call for the abolition of both the Federal Trade Commission and the anti-trust division of the Department of Justice.

http://www.lp.org/issues/platform/monopoli.html

So cartels are fine; but company owners would be responsible for anything the company does.

Slightly worryingly, the first thing they want to do is repeal anti-trust laws, and sometime later get around to the limited liability stuff. I would predict huge cartels almost at once, and complicated structures designed to prevent the real owners getting made bankrupt.