Eliminate Limited Liability

I believe the concept of limited liability in terms of business structure corrupts free market ideals. It gives cover and plausible deniability to people that want to profit at the expense of society. It allows oil and tobacco companies to knowingly engage in activities harmful to people and take the profits and not worry about having to repay the damages they cause. Ending limited liability would also make sure companies like Equifax would be far more careful with people’s data… The executives would live in fear of losing their personal assets if they did not protect people’s data properly.

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Joel Gross

Joel Gross is the CEO of Coalition Technologies.

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