THE “PROBLEM” OF CORPORATIONS Actually, the corporation was produced and remains

THE “PROBLEM” OF CORPORATIONS

Actually, the corporation was produced and remains, a means of insuring risk takers such that their losses are limited to their shared investments in the experiment.

The problem with corporations is that they, much like the government bureaucracy and politicians, are insulated from tort (universal standing) so that we cannot correct behavior of organizations for their harm to the commons.

Class actions are too hard to pursue, and we cannot sue in defense of the commons. The government prevents us from doing so.