Reply #5: How to respond?

[izquierdista]

The answer is over two hundred years old, something that the founding fathers knew well and implemented until 'progress' spawned the perpetual corporation: limit corporate charters to a fixed term, say 20 years. At the end of the corporation's term, the books could be closed, the assets sold, and the profits distributed to the participants (stockholders and workers). There would be no open ended promises (pensions) that would have to be kept, and where no promises are made, no promises can be broken.

How would profitable businesses retain continuity? The same way they do now, through re-capitalizations, mergers, acquisitions, spin-offs, and so forth. They would just have one less tool in their financial toolbox -- the empty promise with which they stiff the trusting worker.