> elimination of corporations as special legal entities would make governments more directly controlled by people rather than wealthy megacorps
Unlikely. Prior to incorporation, families were the operating unit of commercial and thus military and political activity. This pattern would resurrect itself: families, like corporations, can be immortal. That means they can plan and be trusted for the long term.
Note, too, that incorporation gives rise to charities, unions and independent lobbying groups like the Sierra Club. You lose those when you wipe out legal personhood.
Unlikely. Prior to incorporation, families were the operating unit of commercial and thus military and political activity. This pattern would resurrect itself: families, like corporations, can be immortal. That means they can plan and be trusted for the long term.
Note, too, that incorporation gives rise to charities, unions and independent lobbying groups like the Sierra Club. You lose those when you wipe out legal personhood.