Local Corporations: A Corporate Form to Reduce Information Costs and Maintain Supportive Resources

Abstract

This paper argues the following: (1) that absolute scarcity, arising from the degradation of ecosystem services, is one of the foremost threats to essential resources; (2) that high information costs in increasingly mobile and globalized markets tend to obscure this looming scarcity and obstruct its translation into social meaning; and (3) that mobility can be reasonably limited by "local corporations" that act as combined economic and government entities with a limited power to exclude people and goods from their territory.