michael perelman wrote:
> Of course, the limited liability corporation is a way between moving
> responsibility away from persons by preventing the owners from being
> sued personally. Quite ironic.
Indeed - at least in retrospect. The "public benefit" requirement in corporate chartering was originally the justificatory basis for granting LL. Obviously that practically begs to be subverted eventually, but there's a kind of sense to it.
^^^^ CB: With the benefit going to a decidedly small and private fraction of the "public".... It sort of trite to say, but I will: The bourgeoisie are very glib liars.