Dear Adbusters & Occupy activists
Many thanks for continuing agitation in support of humanity.
As we struggle against unchecked corporatist powers, an
important theme might focus on the legal notion of corporate limited liability.
We cannot afford giving a free pass to banks and mega-corporations acting
irresponsibly & illegally. Too often we allow shut-down on company terms
& schedule, as PLC & LLC corporations leave a violated public with
their bills and environmental cleanup.
A case in point is TEPCO in Japan
(Tokyo Electric Power Company) and the flaccid response to their shortcomings
in the Fukushima
nuclear disaster. TEPCO has received huge bailout funding from the Japanese
public, with no clawback of past dividends paid out to company owners. Nobody
has been found responsible or prosecuted for bad corporate policy decisions or
engineering flaws. In any event, anyone punished would more likely be a
draftsman, subordinate to the Board of Directors, President & CEO (the true
corporate architects).
Kalle Lasn chronicled our need for corporate responsibility
throughout his 1999 book Culture Jam,
but also specifically highlighted the need that shareholders be partially
liable for their activities (p. 158 in my paperback edition). We're too often berated
to be fiscally responsible by corporate shills luxuriating in public-sponsored
largesse. The limited liability corporation is an expensive loophole to be
closed. Terminate Ltd. This is a meme we can work with:
Stop Limited Liability !
aloha
