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RE: [ox-en] Re: Role of markets

Adam wrote:

Where would you think that a company like Glas Cymru would fit in to the

array above

Glas Cymru is a single purpose company formed to own, finance and
manage Welsh Water. It is a 'company limited by guarantee' and because
it has no shareholders, any financial surpluses are retained for the
benefit of Welsh Water's customers.


In a system of property  the relations are intransitive, there is the
owner and the owned and these do not commute. The owners in the relation
are subjects of right, the owned are objects of right.
The table that I produced describes subjects of right and their powers.
One could also create a table describing objects of right.

In capitalist law, and to a limited extent in Roman slave law, it is
possible for an agent to be both a subject and an object of right.

A slave was both an object of right, an instrumentum vocalis to be used
an a commodity to be bought and sold, and also to a limited extent the
slave was a subject of right, able through the institution of the
peculium, to engage in buying and selling of goods.

The limited liability company in capitalist law has a similar dual
position. It is a distinct legal personality, able to take court action
on its own behalf, able to use, buy and sell goods.
It is also owned by its shareholders, and as such is an object of right.

Companies limited by guarantee, are juridical subjects, with the full
panoply of bourgeois right at their disposal, but they are not objects
of right.  
Contact: projekt

Thread: oxenT04436 Message: 37/94 L18 [In index]
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