What would happen to a large business if the person who created it died suddenly? Who would become the owner if there were no spouse or children? Would the state be able to own businesses?

B ear in mind that most truly large businesses are corporations owned by shareholders. The death of one “owner” would mean very little, as that person’s shares could simply be sold at the current market value. A sole-proprietorship (business run by a single individual), on the other hand, could be put for sale or shut down and liquidated. A “large” business is presumably a profitable business, which would probably make it appealing to buyers. However, if no one wanted to purchase the business and continue operating it, the doors would be shut, the merchandise and infrastructure sold, and that would be the end of it. Meritocracy embraces an economic policy of “social capitalism”. While it advocates strong regulation and even sponsorship of markets, it does not aim to own and operate all businesses.

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ARGENTUM CONVERSUM joined THE MERITOCRACY PARTY in 2012. He serves as EXECUTIVE DIRECTOR of the MERITOCRACY INTERNATIONAL, where he strives to organise Meritocrats worldwide into a structure that will create social change. When he isn't spearheading an activist organization, he writes on the issues that face all people of conscience in a world dominated by the greed of financial oligarchs.

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