Subject:
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Re: Why the founding fathers limited government scope (was Re: Rolling Blackouts
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Thu, 10 May 2001 20:35:51 GMT
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Viewed:
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1100 times
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In lugnet.off-topic.debate, Dave Schuler writes:
> In lugnet.off-topic.debate, Larry Pieniazek writes:
> Is that right? The gov't can't be sued for anything?
many cases, not all cases. So no, what you think I said isn't right.
> I thought they
> simply weren't subject to civil suits, but were subject to criminal suits
> with compensatory damages?
Sometimes they are. Steve Jackson Games won a suit against the government I
believe...
The upside of small corporations is that it's possible to win against them.
The downside is that they may not have many assets. The upside of large
governments or corporations is that they have lots of assets. The downside
is that it's hard to win against Phillip Morris.
> I'm aware that individual employees can't be sued for the actions of the
> gov't, but how is that different from a private individual's assets being
> separate from his incorporated assets? A man's house can't be seized for
> the wrongdoing of his corporation even if his corporation is sued into
> bankrupcy.
Libertopian corporate officers whould have no such protection if what they
did was egregiously negligent, although I grant such is the case today.
> And, once the corporation achieves
> monopoly status, there's little likelihood of a tiny competitor swooping in
> on the heels of a lawsuit to overtake the market.
Right, and we've discussed in the past how unlikely (impossible, I say) a
true monopoly is under libertopian corporate structures. So you are correct
but it hopefully isn't that relevant or won't remain so for long...
Libertopia will not be perfect. There is no utopia.
Sometimes things don't work out right, some small corporation can do a bad
thing and then be unable to correct it. But the hope is that most small
corporations will buy insurance so it's not just their assets that you go
after. I know if a corporation came to me and tried to buy pollution rights,
for example, from me I would be quite interested in their insurance and
might even put it into whatever contract that they had with me.
++Lar
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