Kidding they dont use gulags, just firing squads
Oops I'm banned from twitter.
people don't want the CCP dictating western values, and thats the joke because western states don't dissolve corporations for bad actions
We used to. We should start doing it again.
While we're at it, any corporation that wishes to operate in multiple states should be forced to incorporate at the Federal level. Congress has the authority to make this happen under the Commerce Clause.
They just don't have the courage.
Correct, Congress has never made incorporation statutes for private citizens and instead opts for one-off charters for sovereign agencies and corporations
I only know of a couple countries with different incorporation statutes at different administrative levels
and so far I'm only aware of one country that has state level and federal incorporation statutes
The Government at every level are also customers.
Having the Government nationalise them could be an effective punishment - but is this something you want the Government running instead?
correct, neither the federal government nor the state(s) they incorporated pursued dissolution or revoking the incorporation charter. they became defunct from their finances and reputational problems alone and chose to spin out some aspects of the business to attract more clients, which they didn't necessarily have to do. the judgment nuances have nothing to do with the accuracy of this. all we are talking about is the incorporation statutes itself, and this is not an example of that being leveraged to discontinue an entity.