georgephillip
Diamond Member
Have you heard about the "corporate death penalty"?Then why aren't corporations responsible to the same extent as individuals are for their crimes?The moral obligation to pay debts, perform contracts and make reparation for wrongs. Limited liability is founded on the opposite principle.When did workers and customers obtain limited liability?
What are they liable for?
Limited liability - Wikipedia the free encyclopedia
hmmmmm, wrong. Corporations are also responsible to pay debts, perform contracts and make reparation for wrongs.
"Every year the Federal Bureau of Investigation (FBI) issues a press release on its Uniform Crime Reporting Program, which determines the 'Nation’s Crime Index.'
"It reports crimes by persons—but it excludes corporate persons, even when the corporations have been convicted of felonies.
"In its entire history, the FBI has never issued an annual report on crimes by corporate persons, although its reports on crimes by human persons are well researched and well publicized.
"The upshot of this is that when you ask people how most money and property are stolen, or how most people are killed, they think of burglars and muggers and bank robbers and crimes of passion.
"They think of human persons.
"The reality, though, is that more money and property are stolen by or lost to corporate criminals than to human criminals.
"Mokhiber’s Corporate Crime Reporter notes that in 1998, when the FBI estimated robberies and burglaries at almost $4 billion, the cost of corporate crimes was in the hundreds of billions... as it is every year."
Unequal Responsibility for Crime
How does a corporation get convicted of a felony? The people in a corporation may commit crimes, but it's idiotic to claim that Exxon committed a felony. How are you going to punish it, put every employee in prison?
"We know what the death penalty for individuals means: Commit an egregious crime, die at the hands of the state.
"What does it mean to talk about the ''death penalty'' for corporations?
"Simply this: Commit an egregious wrong, and have your charter revoked.
"In other words, lose the state's permission to exist.
"It's an intriguing concept, because most of us never think about corporations needing anyone's permission to exist.
"But they do."
CorpWatch The Death Penalty for Corporations Comes of Age
Are you saddened by that concept?