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digitaltrees • yesterday at 6:17 PM • 0 replies • view on HN

Except that’s not capitalism. That’s corporatism. Capitalism doesn’t require shielding all commercial activities because limited liability companies. We can and do require some activities to be operated as partnerships where there is personal liability. If you run payroll and you don’t safeguard employee payroll taxes it is a personal liability, if you run a public company and you misstate financials it’s a personal liability.