> The alternative has been the government controlling which ventures are funded, at which point the government assumes the risk. No, that's not even remotely t

> The alternative has been the government controlling which ventures are funded, at which point the government assumes the risk. No, that's not even remotely true; private investment in business ventures with risk long predates limited liability being attached to the corporate form. (In fact, it was the success the capitalist class achieved without that protection that enabled them to acquire the political power to get limited liability attached to the corporate form.)