>From: "James Daugherty" <daugh@home.msen.com>
>Subject: Re: Bugs in free markets.
>Date: Mon, 4 Sep 2000 10:07:03 -0400
>
>Nonsense! Why should passive investors be responsible
>for you house blowing-up. What about the officers of the
>Corporation or the employees actually responsible for the
>error?
>
If a known violent psycho comes up to me and says he want to kill some
people who I don't particularly like, but he needs a gun, and I give him the
gun, which he would never be able to acquire by himself, knowing what he
intends to do with it, am I not responsible?
Corporate limited liability can be a very convenient way to do things that
might very well get one sued or jailed otherwise. For a wealthy individual
or group, forming a corporation, as opposed to a business partnership, can
be very lucrative, as they force the risk costs onto innocent involuntary
participants.
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