Comment: no problem with limited liability

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no problem with limited liability

Big problem with limiting liability to people with whom you have no contract. You can have explicit and implicit contracts with people you do business with to limit your liability. But you cannot expect to have limited liability from damages you cause to people with whom you have no contract. This is the case of pollution and other forms of third party damage. I dont like the limited liability of government but one could claim a social contract basis for it, a position no more vile than taxes.