Comment: One of my favorite topics too

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One of my favorite topics too

The primary crime of corporations is the idea that the government can bestow immunity to individuals from the damages they cause to third parties, parties with whom they have no contract. Every other aspect of the corporation is available in common law, derived from individual rights. This last power is a holdover from feudal grants of power and nobility from the king. It should be eliminated. One of the primary socialist arguments against capitalism would go away with ending the ability of individuals to acquire immunity from damages they cause to third parties-- externalites such as pollution. With enhanced individual liability, greedy and unprincopled individuals would be restrained by the risk to their wealth that is posed by excessive pollution.