Originally Posted by
Endus
You're talking about liability.
Even in the USA, limited liability is a thing. Let's not pretend this can't be handled.
Literally already happens. The only difference is those responsible for making that decision. This is particularly true since companies don't put their entire portfolio on the line when they innovate; they test the waters first.
Again, liability. Same as above. A problem that already has a solution. Also, you're making an error in assigning a dollar value to shares; that wouldn't happen in the system I proposed.
That kind of stuff literally happens, with vulture capitalism, right now. And there's no liability to the executive doing it. They profit off the process, in fact.
Workers doing the same thing just put themselves out of a job. They can't "leave before it goes bankrupt"; that's just quitting your job before the company collapses. It gains you nothing. And again, you're back to talking about liability, when LLCs are already a thing, making it a pretty baseless argument.
To expand on this liability thing, we really need to discuss what kind of liability. If we're talking financial, then the company's assets are what's on the line, not personal property of employees. If we're talking legal, yeah, if the entire staff of a company vote to have the company bribe government officials, all the staff who went along with that should face penalties. I just think it's way less likely that would ever happen, whereas now, a few executives can vote to do so and hide it.