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Re: Some more research needed

Just because the argument was used to defend monarchy does not mean that it
has no usefulness. IMO the notion of limited liability corporation is one of
the greatest innovations of humanity. That mobilized an enormous amount of
capital, risk-taking & innovation and led to practically all of today's

Do not look at today's corporation as a 'sui generis' entity. It has evolved
over a couple of millenia, and has withstood the test of time. So you can
keep arguing (& may be you will design a better organization), but please
give the concept its due.

- manoj

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