"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" TT's Lost in Tokyo

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OMG - those ecofascists hate statist corps, too, and even want to - GASP - end that oh-so-libertarian state grant of limited liability! by TokyoTom

Such is the tone of a deep, searching piece on the Mises Economic Blog by budding philosopher Geoffrey Allan Plauche , " Ecofascism in the Name of Fending Off Ecofascism ". Sometimes I scratch my head at why, when enviros in panicked tones cast about for ways to come to grips with statism,...

Dialogue with Stephan Kinsella on the state grant to shareholders of limited liability for corporate torts - a gift that keeps on giving by TokyoTom

Stephan Kinsella , in two recent blog posts, Left-Libertarians on Corporations "Expropriating the Efforts of Stakeholders" and Corporations and Limited Liability for Torts , kindly provided a forum to discuss the issue of the limited liability that states grant to shareholders of corporations...

Limited Liability, Part 4: Libertarians sidestep the gift of limited liability & the resulting wreckage by arguing it's now unfair to make irresponsible shareholders liable by TokyoTom

More follow-up comments regarding on limited liability, excerpted from the comment thread to Geoffrey Allan Plauche 's post, " Ecofascism in the Name of Fending Off Ecofascism ". Here is my first post , second post and third post . TokyoTom September 21, 2010 at 8:40 am Shay: “What...

Limited Liability, Part 3: limited liability for torts is a non-libertarian gift from the state that has done tremendous damage - both literally and in driving the growth of a massive regulatory state by TokyoTom

More follow-up comments regarding on limited liability excerpted from the comment thread to Geoffrey Allan Plauche 's post, " Ecofascism in the Name of Fending Off Ecofascism ". Here is my first post and second post . Jon Leckie September 18, 2010 at 5:08 am Tokyo Tom, good morning. I’m...

Scrupulosity IV: Corporations are the Health of the State (thanks to institutionalized moral hazard) by TokyoTom

I copy below some more of my dialogue with Stephan Kinsella and others, regarding Jeffrey Tucker 's unhappiness that not all libertarians are cheerleaders for our current model of "capitallism" (see my eariler posts on " scrupulosity "). Stephan does a great job at wrestling with...

Limited liability, Part 2: Is limited liability for torts a simple codification of what companies and their counterparties could agree to voluntarily? by TokyoTom

The comments regarding on limited liability at Geoffrey Allan Plauche 's post, " Ecofascism in the Name of Fending Off Ecofascism " - which I've been copying to an earlier post in relevant part - have been running long, so to improve readability thought I'd break up the comments...

Unwinding limited liability: Can we roll back the regulatory state by shifting ultimate responsibility for managing risks to enterprise owners? by TokyoTom

[This is an edited re-post .] Libertarians have not quite focussed on how the state grant of limited liability to shareholders - something that cannot be obtained merely by voluntary transactions) has set in motion and greatly fuelled the growth of the state and battles over the wheel of government ...

Do contributions by corporations to 'progress' mean we should ignore sick dynamics set in motion by limited liability? by TokyoTom

I post here some of my further dialogue on the comment thread to Matt Ridley 's " Nuclear crony capitalism " post that I blogged on earlier . Posted by, Robin Guenier (not verified) Tom: Yes, I agree with much you say. But, nonetheless, I’m sure that limited liability has, on the...

Legal resources on state-created limited liability for shareholders, consequences and reform by TokyoTom

Here, in chronological order, are some legal resources on state-created limited liability for shareholders: history, alternatives, consequences and reform: Christopher D. Stone, "The Place of Enterprise Liability in the Control of Corporate Conduct", 90 YALE L.J. 1 (1980). Paul Halpern; Michael...

Limited Liability, Redux: As Bob Monks says, "corporate governance has failed and it’s time to move on." So what's next? Unleash the Hounds! by TokyoTom

This is a precis of my preceding post . As I noted, veteran shareholder activist Robert A.G. Monks has concluded that - in brief (emphasis added): the people who exercise power for the corporations need to be accountable to somebody. Over the years, it has become clear that they really are not accountable...
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