The most important step is to get rid of limited liability and corporate personhood. Until executives and shareholders can be held responsible for corporate actions, there’s no incentive for those executives and shareholders to make the corporation act on any ethic but profit or aggrandizement.
What do you think of corporations being able to persist almost indefinitely? As a part to introducing greater accountability, might dissolution be appropriate at times?
I don’t have a problem with businesses as a form of intergenerational wealth, actually. I could be persuaded to, I suppose; but as long as the people running it are able to be held accountable I don’t see the longevity as a negative.
The most important step is to get rid of limited liability and corporate personhood. Until executives and shareholders can be held responsible for corporate actions, there’s no incentive for those executives and shareholders to make the corporation act on any ethic but profit or aggrandizement.
What do you think of corporations being able to persist almost indefinitely? As a part to introducing greater accountability, might dissolution be appropriate at times?
I don’t have a problem with businesses as a form of intergenerational wealth, actually. I could be persuaded to, I suppose; but as long as the people running it are able to be held accountable I don’t see the longevity as a negative.