[LMB] OT: Money, WGW
howard at brazee.net
Fri Nov 20 18:19:06 GMT 2020
> On Nov 20, 2020, at 10:47 AM, Zan Lynx <zlynx at acm.org> wrote:
>> Basically corporations allow for personal profit without
>> personal responsibility.
> Many people have criticized corporations based on that.
> However, changing it has many consequences people often don't consider.
> Small investors will never invest in a large company without limited liability. They have no control over the decisions, but that would make them responsible for the debts.
> Holding people responsible when they have no authority is a bad idea.
For free enterprise to work correctly, *all* of the costs of the products should be paid for by the consumer. When society gets taxed to pay for such costs as clean-up, that price was subsidized by people who weren’t part of that transaction.
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