2 ms·

Corporations are just piles of contracts signed by people. Stripping due process rights from corporations is equivalent to stripping those rights from the peopl

• rfrey 3y ago
  Do the people who signed the contracts bear responsibility and consequences for the actions taken by that pile of contracts?
  • pclmulqdq 3y ago
    The owners of the corporation are materially damaged when the corporation gets sued or fined. That happens because that pile of contracts is essentially the steward of their money. However, the corporation itself doesn't take actions. It's just a pile of contracts. Managers take actions. I do agree that corporate managers have a weird form of liability shield for their bad actions, though. However, if you dig into why this happens, it's often because of things like plausible deniability and diffusion of responsibility, which you don't need a corporation to create (see the way the mob operates).
    • cyanydeez 3y ago
      unfortunately, what these corpos have learned that the best way to avoid and minimize consequences is to ensure a long and drawn out process they can manipulate with lobbiests and sheer outlasting private interests.
• mindslight 3y ago
  No they are not, and no it is not. A corporation is a government granted liability shield intended to foster certain public policy goals. A bunch of people cooperating without adopting the liability shield of a corporation/LLC is eminently possible. It's likely that the massive scaling we've seen would be untenable if the cooperating individuals could be held responsible for the efforts of the group, but that we're suffering a lack of corporate responsibility indicates that wouldn't necessary be a bad thing and thus it's disingenuous to just equate the two.