Cloudflare. Equinix. No accountability.
Cloudflare. Equinix. No accountability.
Have a problem with a service and you find out the company you bought from subcontracts to an LLC you've never heard of which in turn subcontracts to four other LLCs one of which is actually liable but only if you can figure out which one, and oh by the way yours has two employees and it's headquarters is a UPS Store box, good fucking luck.
Corporations (and other legal entities used for business) are legal fictions that allow people to pool capital for productive endeavors and yes, with limited liability on the parts of the owners, because we as a society decided that encouraging productive endeavors this way is better than the alternative.
In a world with no limited liability, you could happily wring the owner's neck if they screwed up, but I'd imagine society as a whole would be a lot poorer off, because very few people would take that risk to engage in productive endeavors.
> Have a problem with a service and you find out the company you bought from subcontracts to an LLC you've never heard of which in turn subcontracts to four other LLCs one of which is actually liable
It doesn't matter, because the company you actually paid money to is the one that's responsible to you.
Worth noting that legal 'collectives' date back to Ancient Rome, city charters, monasteries, guilds in the Middle Ages, etc. While they are currently called corporation, from the Latin corpus for "body (of people)":
* https://en.wikipedia.org/wiki/Corporation#History
The original term was from the Latin universitas, and were universities in (relatively) more modern times when the concept saw uptick in usage (1100s AD).
* https://en.wikipedia.org/wiki/University#History
The first collectives were either groups of students coming together to hire teachers (Bologna), or teachers coming together (Paris).
* https://en.wikipedia.org/wiki/University_of_Bologna#History
* https://en.wikipedia.org/wiki/University_of_Paris#History
Your local municipality, county, country, etc, are all legal fictions that act as a legal person. Turns out the concept is handy in many situations:
Oh, people would make risky ventures alright, but you’d see a lot more private security of the Pinkerton variety.
I'd say more than a few people would like that opportunity with Boeing
It's shitty landlord syndrome all over again. Tenants should have the right to complain and wave their sharpened pitchforks at them.
Literally in this case.