Commenda Media Issue I is here.
A print and digital magazine on global free markets, trade, and the people building across borders. Our inaugural issue ships now.
Last year, when the Trump Administration launched its tariff campaign, I was amazed at how hard it was to find good information about what was really happening.
I would read one thing in the Wall Street Journal, and then go to a tax conference in Canada and hear the exact opposite from OECD officials and practitioners.
So when @rossmatican suggested that we should publish a magazine for Commenda, it was a no brainer. Doubly-so when he introduced me to @freeshreeda, our Editor-in-Chief
In this issue, we cover a lot of topics, but one thing Shreeda did an excellent job of is covering some macro themes the world is facing today.
Competitive Governance – now more than ever, jurisdictions are competing for trade, capital, and talent. From SEZs, to European corporate law, to AI and maritime governance, this is a recurring theme throughout the magazine that is deeply relevant to everyone reading it. Gone are the days when wasteful governments have large captive tax bases, and where anti-business politicians can bully corporations without risking their tax base.
The Great Game of the 21st Century – the U.S. and China are locked in a Not Cold War, and the implications of that touch every corner of the globe today. The Chinese model is predicated on centralized direction of capital towards strategic aims – a Capitalist-Marxist fusion offering of sorts, and the American model is still deciding what it wants to be.
The West has lost its understanding of its own prosperity. Industrial policy is the antithesis of what made the West great. The chaotic, bottom-up nature of markets and capitalism is exactly why we are so much more prosperous than even the most successful non-market economies. Yet we seem to have lost that.
Will Europe join the game? Will India? These are players with the capacity to play, but that have not taken the policy decisions required to do so. I explore this in my article on EU Inc, and we will be developing it more in future issues.
I had a ton of fun working with Shreeda and the writers, @JeffJMason@CalebDPetitt@Michael_J_Hil and @rjkarmayogi and am excited to share more in the coming weeks of the process and ideas that went into this first magazine
Read more below!
I've spent the last few years helping build @CommendaHQ alongside some exceptional people.
This manifesto captures why we've dedicated ourselves to this problem: commerce needs better infrastructure, and the future deserves a legal system that moves at the speed of software.
Announcing our manifesto, Lex et Libertas.
The history of commerce is a history of The People writing their own rules.
When a merchant in thirteenth-century Venice wanted to trade across the Mediterranean, he signed a commenda — a private contract that split the risk between an investor and the merchant who sailed, and held up wherever the ship made port. It was not issued by a king. No parliament approved it.
Merchants wrote it because it was machinery for their economic freedom. This was the precursor to the modern corporation.
This set of norms, jus gentium, grew out of how foreign traders actually dealt with one another, not out of a sovereign's decree. The merchant law was customary, portable, and enforced in the merchants' own courts.
It still works that way, when we let it. In 2013 a startup accelerator, not a legislature, wrote the SAFE, and it now governs a huge share of how companies get funded. That is the spirit of merchant law. Yet despite all of this fantastic success, we’ve lost that spirit.
The civilization that invented the corporation is now strangling it.
The US Code of Federal Regulations ran 9,745 pages in 1950 and runs more than 190,000 today. The average large multinational holds 549 subsidiaries across 56 countries. The rules merchants once wrote for themselves now arrive from thousands of jurisdictions at once. It is impossible for it to be owned by anyone, and the price is paid after midnight by people no one is paying attention to.
Lex et Libertas is our argument for the future we are building. It is the manifesto for my life’s work.
The merchants built their own freedom technology. In dedication to these giants, we are building the only managed entity platform, enabling businesses to seamlessly operate across 100+ countries. 500+ firms including TRX, Remote, Exa AI, Seismic, and Composio have already joined us.
As we enter into the agentic era, software will form the backbone of global industry. A new legal order will emerge to facilitate the future of commerce across our planet, and beyond.
And Commenda is where it will be built. Jus agentium.
Champions ⭐️⭐️⭐️ Phenomenal win for Team India in Ahmedabad. Absolutely no match for the explosive cricket played by us throughout the tournament. Brilliant character shown by the boys to keep fighting in tough situations and become world champions once again. Congratulations to all the players and all the members of the management for achieving this feat. Jai Hind 🇮🇳❤️
Wrote a quick piece on how to use AI based metric tools at enterprise scale.
Please don’t give your production read replica urls directly to a random startup. But other than that, used Basedash and it was fun.
https://t.co/7ndWNUkjqf
@haydenbleasel@shadcn Does it also allow to render custom blocks as well, e.g. how ChatGPT shows a link preview block when I hover over a link? or this does too require involving something like unified.js
I’m thrilled to announce Commenda’s partnership with SimpleClosure for entity shutdown services.
A special thanks to @rexsalisbury for making the connection.
For the last few months, we had been getting 2-5 entity closure requests per month, but we didn’t have the capability in-house and lacked a trusted partner.
SimpleClosure fills the gap in our offering:
Commenda can now serve entities from setup through compliance and onto eventual shutdown.
But @Simple_Closure isn’t our only partnership.
The Commenda Marketplace has dozens of business services ranging from entity shutdown to transfer pricing and global hiring.
With just a few clicks in the @CommendaHQ Marketplace, you have access to a full-stack company back office anywhere you do business.
Team Intro #7
@dev__adarsh, our front-end king! If you're a customer, most of our platforms you interact with every day have been made by him, so his skill needs no introduction.
Here are some of his superpowers and office quirks: