posted on Jun, 11 2010 @ 12:08 PM
reply to post by INQUISITION11
Who cares how much of an interest American or British stockholders have in the company? The stock market is a gamble. If the company you bet on
screws up, you can lose.
Why are people pretending that the solution to this fact is to prevent the company you are gambling on from accepting the natural consequences of its
actions, rather than the solution being to invest in companies who are more careful and behave more ethically?
If what happens here is every single penny BP has goes to the cleanup and the corporations is dissolved and the stockholders lose everything, so be
it. Corporations are already a vehicle for the OWNERS, (the stockholders) to avoid personal liability. Which is already part of the problem,
Because all they CAN lose is the stock, and not their homes etc, they dont maintain pressure on the company to behave decently.
What you seem to be suggesting is that we not only allow that little escape from liability for your actions or inactions clause, but that you add a
new one in which we protect the company from the natural "death" (dissolution) that it may end up meriting.
The solution here is not that we need to protect these behemoths that we foolishly allowed ourselves to become utterly dependent on as nations, the
solution here is that we need to pay the price for our foolishness, let them fall, and move forward understanding that "too big to fail" is too
dangerous for nations.
[edit on 11-6-2010 by Illusionsaregrander]