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> allows me to own stock in Apple without having to fear that I will get personally sued if they do something wrong This is part of what I mean when I say that
by gonational 7y ago
> allows me to own stock in Apple without having to fear that I will get personally sued if they do something wrong
This is part of what I mean when I say that corporate personhood takes away rights from those who interact with corporations. A corporation can feel financial pain, but it cannot experience the emotional pain of loss, the fear of which being a deterrent against tortious (or criminal) behavior.
I realize, the notion of personally punishing e.g., XYZ Phone Co shareholders, because one their phone's battery bursts into flames and kills a child, sounds a little weird. Should the mother of this child simply accept cash for her son's life and be happy with it? If that's not fair, who should personally pay, the CEO? He's just an employee of the corporation, who is beholden to the shareholders.