I'll say truthfully that I'm not entirely sure what I think about this issue and have some reading up / thinking to do. I would absolutely like to explore it some more and determine what I believe with more certainty. For this purpose, I'm re-posting a comment I left and would love to hear your thoughts and arguments. Links to other good resources on this issue are certainly welcome too:
As for the origin of corporations, I don't see why as a matter of voluntary cooperation and by means of contractual agreements made on a free market, individuals could not pool together their savings to provide capital for a business, voluntarily agree to rules governing risk and liability in the event of bankruptcy, and appoint managers to run the business- something akin to a corporation.