Limited Liability Evolution
Katharina explains how limited liability was initially meant to incentivize risk-taking but has now become a tool for wealthy shareholders to shift losses onto others. The concept of limited liability redistributes risk to workers and creditors, showcasing how corporations can exploit this mechanism to procreate subsidiaries and further externalize risk.In this clip
From this podcast
The Ezra Klein Show
A Guide to the ‘Legal Fictions’ That Create Wealth, Inequality and Economic Crises
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