Reply To: Limited Liability


Thanks. I also found this, which helps to clarify the matter further:

I do understand that limited liability enables corporations to undertake risky ventures that they might not ordinarily, but I tend to dwell on the potential to abuse this privilege by engaging in outrageously risky ventures. But when investing, as with other consumer activities, the buyer should beware.

The more I read of Rothbard, the more I lean toward the idea of a world without states. Or at the very least, a world with as many tiny competing governments as possible. I like the idea of a limited government, but they tend not to stay that way. As for politicians, I’m becoming increasingly convinced that true libertarians generally do poorly in politics because they have absolutely no interest in controlling other people. Such an interest seems to be a prerequisite for the job. There are exceptions, of course.