Monday, July 27, 2009

Corporations

Many of the problems we face today can be traced to the anonymity and irresponsibility allowed through corporate entities. By design, corporations have no accountability to those behind the scenes. I'd like to create a new legal entity with full accountability and visibility to the living beings behind them. Forcing them to be accountable. Accountorations? I'll think about a good name. Once that simple entity is defined, all existing corporations would be dissolved and all corporate law would become obsolete. Those hiding behind the anonymity and non-liability of corporations would have to find another way to make a living (government, wall street, central banking, etc).

If people have no liability for their actions people will tend towards taking excessive risk.

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