Life After Big Inc.

The strange death of the corporation… October 04, 2021 [UNSUBSCRIBE]( | [WEBSITE](Put_Website_ [Altucher Confidential] “The biggest—and most shocking—change we’ll see, perhaps in our lifetimes, is the death of the corporation.” [Email Masthead] Life After Big Inc. By Chris Campbell Trump’s Final Gift To America [American flag]( a little-known way Trump could – one day – have his revenge. It involves a Federal Ruling he oversaw in the final year of his Presidency that could change America forever… unleash an estimated $15.1 trillion in new wealth… and create countless ways for everyday Americans to benefit. What is this little understood decision? And how will it impact you? [All the important facts are here.]( “The Age of Corporations is coming to an end. The traditional corporation won’t vanish, but it will cease to be the center of gravity of economic life in another generation or two. They will live on as religious institutions do today, as weakened ghosts of more vital institutions from centuries ago.” —Vankatesh Rao, Ribbonfarm There’s an unspoken assumption in the modern mind that history has come to an end. The structures we have today will be the structures we’ll have in 100… 300… 500 years. It’s true of currency. It’s true of finance. It’s true of governance. It’s true of science. It’s true of business structures. It’s true of social structures. It’s true of everything. But it’s a lie. And it’s not even a good one. What’s most profound about our time is we are currently—as in, right now—on the precipice of a new epoch. But new is simply the well-forgotten old. New structures are constantly being formed while old structures fight against them... and lose. --------------------------------------------------------------- [Recommended Article] [Survive the Age of Exponential Change | Laissez Faire Today]( --------------------------------------------------------------- The LLC vs. The United States The introduction and rise of the LLC is a great example. The LLC is ubiquitous in America’s business world. It’s the most popular choice for new businesses, holding companies, and all types of business ventures. Why? Put simply, it combines the tax benefits of a partnership or a sole proprietorship with the limited liability of a corporation. But it’s also a fairly new invention—and, no surprise, the government fought it tooth and nail. The First LLC Act, established on March 4, 1977, wasn’t the product of government innovation (an oxymoron). Rather, it was pulled together by several accountants and lawyers working for the Hamilton Brothers Company. Though states embraced it, the IRS resisted it for decades, refusing to issue its final ruling on LLCs until 1996, when its hand was forced. Like I said, new structures are constantly being formed. And old structures fight against them and lose. This is a constant. We live in a time, however, when all structures are being redefined. The biggest—and most shocking—change we’ll see, perhaps in our lifetimes, is the death of the corporation. Newest book from the author of Rich Dad Poor Dad [lazy way to invest in real estate]( don’t have to be a landlord (or even invest in REITs) to earn monthly income from real estate. Now you can start building your own real estate empire today -- the “lazy” way -- thanks to over a dozen real estate secrets found in his most recently released book. [Click here to find out how to claim your copy.]( Peak Centralization In 1600, the world’s first corporation was founded—the East India Company (EIC). By 1772, the East India Bubble popped. As Venkatesh Rao writes in Ribbon Farm,“Between the founding of the East India Company in 1600 and the post-subprime world of 2011, the idea of the corporation was born, matured, over-extended, reined in, refined, patched, updated, over-extended again, propped up and finally widely declared to be obsolete.” The corporation as it exists today… and as it has existed for over 400 years… is dying. “Between 2011 and 2100,” says Rao, “it will decline—hopefully gracefully—into a well-behaved retiree on the economic scene.” Of course, the corporation has been useful. It managed the migration of electrons efficiently enough to light up and connect the world. It gave us our modern conveniences and many creature comforts. It built fantastic tools that you and I use every day. The corporation unlocked an incredible amount of innovation and created an enormous economic boom. But it also created a trend toward centralization. And as corporations grew in power so too did governments in tandem. --------------------------------------------------------------- [Recommended Article] [The Slippery Slope of Inflation | Money & Crisis]( --------------------------------------------------------------- Today, we reap the inevitable end of centralized power: banks hold your assets hostage, encouraged by the government and transnational entities. Tech giants control your digital assets and data behind walled gardens. While the Internet scored a few points against Goliath in the early days, Goliath hit back hard and took back any freedoms the Internet gave us. Today, if the government wants your domain name, it takes it. (Not the case with blockchain domains, but that’s for another day.) If centralized entities want to “cancel” you, they just tap a few keys. Fortunately, we’ve hit the end of an era. But new is simply the well-forgotten old. New structures are constantly being formed while old structures fight against them and lose. More on that tomorrow. [Chris Campbell] Chris Campbell For Altucher Confidential Is this a ticking time bomb to another financial collapse? If you own stocks, you may want to cash out immediately. And if you hold dollars, you need to take a look at the chart above. Because, according to one of America's most respected economists, the data in this chart signals a possible COLLAPSE ahead for the dollar. What he revealed is not pretty. [But you still need to hear it -- follow this link for details.]( Subsribe To My Podcast [The James Altucher Show]( [The James Altucher Website]( [Subscribe Via Text]( [Subscribe With YouTube]( [Subscribe On Messenger]( [Subscribe With iTunes]( [Connected on LinkedIn]( Add AltucherConfidential@email.threefounderspublishing.com to your address book: [Whitelist Us]( Join the conversation! 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