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>> In the absence of that concept, one would have to sue each shareholder or executive of a corporation individually in order to bring any kind of liability sui
by cryptica 6y ago
>> In the absence of that concept, one would have to sue each shareholder or executive of a corporation individually in order to bring any kind of liability suit.
I don't see the problem with that. Imagine how much money a victim could earn from suing every person who participated in the wrongdoing. That would be totally fair IMO... Probably corporations wouldn't exist anymore (they would be sued out of existence), but that would be OK. The economy was working perfectly fine before corporations became commonplace.
They are an unjust and unnatural construct IMO. It doesn't make sense to give an immortal fictitious entity the same rights as real mortal people.
- arrosenberg 6y ago> I don't see the problem with that. Imagine how much money a victim could earn from suing every person who participated in the wrongdoing. Unless your hypothetical victim is independently wealthy, how are they going to afford the costs of litigation with dozens or hundreds of defendants? Seems like they'd need some sort of group, organized by a legal structure to fund such a venture... > They are an unjust and unnatural construct IMO. It doesn't make sense to give an immortal fictitious entity the same rights as real mortal people. Is this an ideological statement? In the US we have freedom of association, so I don't understand how they are "unjust". They are a natural result of the human desire for collaboration and growth, so I'm not sure I get that argument either. I don't think corporate entities should be allowed to participate in the political process, but it's a bit silly to say they shouldn't have the right to participate in the legal process.