I wonder how important liability protection is in big companies being bad.
On the one hand I recognize there are some problems with abuse of the legal system. I can see why people would want to limit their liability risk / exposure in business and investing. And how unlimited liability would tend to make people with assets less willing to invest or start companies.
But in terms of principle, liability protection seems like an unwarranted special privilege people get for filling out the right government forms and engaging in a few simple rituals. Like, you fill out some forms and follow some rituals and then except in some pretty rare circumstances if your company kills 20 people or destroys the value of 20 lifetime earnings or whatever, you don’t have to use any of your other assets to help make up for that mistake.