re: #315 kirkspencer

As I’ve noted before, the lack of responsibility is a feature —- it’s the intent of incorporation, allowing investors to escape personal liability for acts of the company and its employees.

The major fix I’d recommend (won’t happen, but it’s a dream) is to nullify the margin note that says a corporation is a person. If the corporation cannot be held responsible, it cannot have the rights for which that responsibility pays.

The most irritating thing about the “corporation personhood” thing is that it all arises from a somewhat lazy (in my view) piece of legislating from the bench. “Well, it seems fair that a college should be able to continue to exist even after its founders have passed away. How can we make this happen legally? I know, we’ll say that corporations are sort of like people!”

BOOM CITIZENS UNITED/law of unintended consequences

If, instead, you had had from the start a separate legal category for corporations detailing what they can and can’t do, we’d have none of this pseudo-philosophical mumbo-jumbo nonsense about “the rights of corporations”.