Making everyone completely responsible for what a company does will simply further concentrate power in the hands of the biggest existing corporations. Limited

Making everyone completely responsible for what a company does will simply further concentrate power in the hands of the biggest existing corporations. Limited liability companies make it possible to launch a new company without the existential risk of losing everything that you own at the same time. Removing limited liability across the board would eliminate that benefit for the smaller companies rather than the larger ones that could afford to tie up everyone in litigation.