Invisible Hand Democracy

A few notes from a conversation we had at the Mondragon Co-op documentary viewing:

• The individual has rights to protect him/her self and property against other individuals, power structures and other market participants
• A sole proprietorship would be part of an individual's property and would also need similar protections under the rights of that individual
• If a business had multiple owners, that business would still need protections as the collective property of the owners
• Shouldn't that scale to corporations needing protections?
• Do protections of corporations undermine the protections of the individuals
• Protections grant power to corporations, and in the presence of conflict, yes, this does undermine the rights of individuals, usually in how much money can be thrown at resolving the dispute in court.
• Therefore, corporate rights should be setup separately such that it does not have equivalent protections as individuals
• Invisible hand is a form of democracy, voting with money rather than ballots
• The invisible hand is mob rule; a handful of individuals who are having their rights infringed upon cannot vote with enough money to fight the corporation
• It's worse than normal democracy though, because it's a mix of plutocracy and democracy (more money = more votes). Also, all you can do is not do business with the company (or sue it), which if you never did business with them in the first place is meaningless. If their customers aren't the ones impacted, then why would the company care?
• So if libertarians hate democracy so much, how on earth do they like the invisible hand?
• Is there such a thing as a democratic libertarian?