Comment on Dell warns of data breach, 49 million customers allegedly affected
explodicle@sh.itjust.works 9 months agoWhy stop there? Abolish the corporate veil. Those motherfuckers can buy liability insurance.
Comment on Dell warns of data breach, 49 million customers allegedly affected
explodicle@sh.itjust.works 9 months agoWhy stop there? Abolish the corporate veil. Those motherfuckers can buy liability insurance.
SirEDCaLot@lemmy.today 9 months ago
Disagree. Breaking the corporate veil would have a whole lot of unintended consequences and would basically kill investment as a concept. I agree we need to do more about corporations that violate the law with impunity and get wrist slaps. I don’t think that’s it.
explodicle@sh.itjust.works 9 months ago
Why do you think it would kill investment despite liability insurance?
SirEDCaLot@lemmy.today 9 months ago
Because it would greatly increase the cost and risk of investment. Think not just for billionaires, but for anybody. Imagine somebody buys a couple tens of thousands of dollars of a stock as part of their retirement, that company does something bad, and now not only do they lose their investment but they lose the rest of their retirement also.
I am all for wiping out shareholders, especially big ones, when a company does something super stupid. There should be an incentive for shareholders to hold companies they invest in accountable.
But suggesting that company owners become personally liable for the actions of those companies, especially when those equity owners have little or no control over the decisions of the company, that is a recipe for disaster.
explodicle@sh.itjust.works 9 months ago
Isn’t that the whole point of insurance? They assess the risk of that liability and average it out over time so you just pay a little bit of your return.