The Devil Speaks

INCORPORATION, n. The act of uniting several persons into one fiction called a corporation, in order that they may be no longer responsible for their actions. A, B and C are a corporation. A robs, B steals and C (it is necessary that there be one gentleman in the concern) cheats. It is a plundering, thieving, swindling corporation. But A, B and C, who have jointly determined and severally executed every crime of the corporation, are blameless. It is wrong to mention them by name when censuring their acts as a corporation, but right when praising. Incorporation is somewhat like the ring of Gyges: it bestows the blessing of invisibility–comfortable to knaves. The scoundrel who invented incorporation is dead–he has disincorporated.”

Ambrose Bierce, The Devils Dictionary

About Mark Tokarski

Just a man who likes to read, argue, and occasionally be surprised.
This entry was posted in econ101. Bookmark the permalink.

One Response to The Devil Speaks

  1. Steve W says:

    My mother introduced me to The Devils Dictionary. It’s timeless.

    Liked by 1 person

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