It's the difference between Capitalism and Crony capitalism. We're seeing some elements of this in Florida where oil and gas lobby are hindering people installing solar panels on their homes. Corporations are typically pro-Capitalist and want to be free of government intervention until they get disrupted. The Taxi system for example was a govt. enforced monopoly where only a few companies operated in any given cities with a fixed number of licenses to operate. Ride sharing companies along with cell phones have disrupted these industries. Taxi licenses once worth nearly as much as a house have quickly become worthless people counting on them to help finance their retirements are finding themselves in a bind. Its also a lesson on the risks of concentration with all due respect to Buffett & Munger.

it's the other way around. Corporations get the laws they need by financing politicians; frequently in the U.S lawmakers are handed from corporate donors already made texts of laws they want passed for their benefit. The Citizens United decision has also made corporate influence on the government easier for them.

@@HepCatJack nope

@@MichaeldeSousaCruz the oldest corporation of the United States is the Shirley Plantation founded in 1613 a full 176 years before the United States Government came into existence in 1789. Therefore the corporation is not a child of the government. You're going to have to do a lot better than nope.

@@HepCatJack in 1613, the Government for that business was England. The London Company received a charter from the English government to settle colonists in what eventually was to be called Virginia. You know what a charter is, yes?

@@MichaeldeSousaCruz In the 1600s, a "charter from the British government" granted by the monarch (king or queen) was essentially a permission slip and rulebook for establishing a company. It functioned in a few key ways for companies founded in the 1600s: Legitimization and Monopoly: The charter granted official recognition and approval from the Crown, giving the company legitimacy and a certain prestige. In some cases, the charter might also grant a monopoly on trade with a specific region or product, giving the company an advantage over competitors. Rights and Responsibilities: The charter outlined the company's purpose, rights, and obligations. It might specify: The geographical area of operation The types of goods the company could trade The ability to raise funds through the sale of shares (in some cases) The structure of the company's governance (e.g., board of directors) Responsibilities to the Crown, such as tax payments or providing resources during times of war. That said this bureaucratic act was not needed and the company could have existed without this process just as a lemonade stands have existed without any official acts. Buffett's own businesses as a kid of reselling cokes & gums and renting pinball machines existed without official acts of government.