Adbusters has a new thing. They are asking us to vote on the worst company in the world. The idea is to have a campaign to revoke their corporate status. They are calling it the birth of the corporate charter movement.
I think this is a good idea.
People need reminding that corporations are created and sanctioned by the state. They need reminding that incorporation is, by definition, government protection. Why should anyone get limited liability? If there is any time when that is appropriate, when should it be?
I don’t have any hope that we will be able to take down Goldman Sachs. But I think this is a really important public conversation to have.