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I'm not sure you understand what that means. The limited liability applies to the people. The corporation is still fully liable.
by pathseeker 9y ago
I'm not sure you understand what that means. The limited liability applies to the people. The corporation is still fully liable.
- dragonwriter 9y agoThe corporation is a legal fiction created by government to shield the people from liability for harm those people cause through their agents while seeking profits; it's the original (well, at least an early) manifestation of socializing risk while privatizing gains, done through the power of the State.
- knieveltech 9y ago"The corporation is still fully liable." is incoherent. Pfizer (the corporation) is a convicted felon. Whereas this would basically eliminate an individual's access to credit, ability to vote, and a whole host of other rights and privileges, in the context of a multi-national corporation it means literally nothing. They got fined a little money, that's it.