Comment by _ink_
6 hours ago
The issue I see is that companies have limited liability. If they mess up, they can just go bankrupt and sometimes pass the cleanup costs on to society.
Therefore, I think it’s fair that society wants to have a say in what gets done and what doesn’t.
Maybe a way around this would be companies operating without limited liability. Would you be willing to put your entire fortune on the line in exchange for a fast track through regulations?
Edit: to clarify: I’m not arguing that all companies should lose limited liability. I’m suggesting the introduction of a new type of company structure.
> If they mess up, they can just go bankrupt and sometimes pass the cleanup costs on to society.
Or as Dupont, Dow, the Ethyl Corporation et al have shown, don't even go bankrupt and still pass on the cleanup costs on to society.