Same mechanism that enforces property rights - it's costly to restrict them in two ways - first because capable men could resist (this force is weak on islands b/c of the difficulty of escape) and second because your territory is lower value if it repels capable men Not perfect
Democratic government is an owner that burns down a factory that makes millions in profit because he's the personal beneficiary on a ten thousand dollar insurance policy Even when it's motivated by "money" it acts in a wealth destroying way
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Agree - corporate rule is probably impossible because once a corporation actually owns a place it has to act like a ruler rather than a merchant Rule is always by warriors or priests, never merchants. Warriors and priests are the only groups with the asibayya needed to rule.
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