Precision of language is not one of his strengths, but to be fair, "liberal" does just mean "left" to 99% of Americans
nicholas
joined 6 months ago
Literally just don't have the limited liability corporate structure. It's an invention of government to privatize profits while socializing losses.
In a free market, company owners would not be entitled to profits while eschewing liability for the actions of their companies. It would force prioritizing long-term brand sustainability over cutting corners to juice next quarter's share price. And liability would incentivize keeping companies small to manage risk, so there probably wouldn't even be megacorp conglomerates to begin with.
Yeah, you can't apeal to "society has decided X" as an argument, if you also hold that half the people in society don't count because you disagree with them. That's actually the opposite of what 'society' means in that context.
Does it not strike you as odd to say "we as a society want X, except for [approximately half of the people in our society who want the opposite of X]"?
Record inflation is though, and makes all the nominal profits numbers go up without adding any extra underlying value to the companies balance sheets.