Eliminating the Corporation Insured by the State

(Sketch)

Eliminate the state sponsored corporation.

A corporation is a partnership whose members are insured by a monopoly insurer insulated from competition: the state.

All associations are, and only can be, partnerships.

Restore right of suit for any and all involuntary transfers, outside of morally sanctioned competition, against any and all individuals within the partnership and their agents.

Require insurance bonds be purchased by the partnership.

Require all employees be bonded if they communicate with or act on behalf of, customers.

(The incentives will favor truth telling and allocate money and status to truth-tellers.)

Stock certificates shall not represent ownership, but a purchase of contractual rights to dividends that are guaranteed by the assets in the event of liquidation or sale. Control then shall not be democratic, but contractual.