3 ms·
Even in this counterfactual world, and likely EVERY counterfactual world, people with lots of money (which equates with power) will always develop a system that
by Eddy_Viscosity2 3y ago
Even in this counterfactual world, and likely EVERY counterfactual world, people with lots of money (which equates with power) will always develop a system that will shield them from accountability. Any system like this is self-reinforcing because a few people with more money will always have a greater influence on 'the system' than the larger number of people with less money.
- advael 3y agoIt's inevitable that people with power will use that power to their advantage. But the degree and the ways in which this is possible permit a vast spectrum of degrees, and adjusting this is a feasible problem of mechanism design. Limited liability in its present form is not an inevitability