End limited liability - Open Knowledge — LiveJournal
Jun. 2nd, 2006
12:25 pm - End limited liability
An issue that leftists and libertarians can agree on:
One of the persistent threads running through environmentalism is the notion of "Corporate Responsibility." I've been thinking through some of the issues involving how corporations are formed and how the nature of the corporation affects how the economy assesses and handles risk and I'd like to present an idea for comment and examination.
The seed of the idea is that the limited liability corporation is a government subsidy to risky investments and as such may be partly what drives the reckless attitude of corporations towards the environment. Read on for more details.
More at the WorldChanging site.