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eniwetok

(1,629 posts)

10. insurnace deals with most all other risk...

Tue Jan 10, 2017, 11:16 AM

Jan 2017

There are some notable exceptions where government has stepped in such as with vaccines and Price Anderson for the nuclear industry... but generally insurance is market driven. If a company detects a corporation is engaged in risky behaviors it can change rates. But this doesn't answer the question of why We The People offer free limited liability protections to corporations... with the possible exception that like with patents, it's to serve a public function... and that states may have used the LLC as a lure to attract corporations.

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Would there be uber-rich without freebies from government? [View all] eniwetok Jan 2017 OP

Republican Communism HAB911 Jan 2017 #1

Just like they want to do with public education world wide wally Jan 2017 #4

Yes, remove government services and you get a scramble for assets by oligarchs and war-lords FarCenter Jan 2017 #2

No,most of the so called hard working rich are parasites. libtodeath Jan 2017 #3

Sounds like the Donald. SammyWinstonJack Jan 2017 #5

I wouldn't go that far... but... eniwetok Jan 2017 #11

Bankruptcy is defined in the consitution fescuerescue Jan 2017 #6

what does that have to do with limited liability corporations? eniwetok Jan 2017 #7

Nothing at all. fescuerescue Jan 2017 #9

insurnace deals with most all other risk... eniwetok Jan 2017 #10

The Ayn Rand and Libertarian types treestar Jan 2017 #8

right wingers are blind to the freebies... eniwetok Jan 2017 #12