Part 6/8:
An additional layer to this discussion involves the ongoing debate on whether corporate law should eventually be federalized, removing the dominance of state laws like Delaware’s. Although previous movements towards federal oversight of corporate law have faced significant pushback, the current situation may revive this discourse.
If there is momentum towards creating a bureaucratic structure at the federal level for corporate law, it raises questions about potential inefficiencies and government bloat, especially considering Elon Musk’s current leadership role in initiatives aimed at reducing government size. The juxtaposition of federal control over corporations while simultaneously promoting governmental efficiency presents a complex dilemma.