Note to Larry Lessig: Shall we amend the Constitution, but ignore possible reforms to limited liability corporation laws in the fifty states?
[Note: Cross-posted from my HLS blog.]
When Larry Lessig launched his “Anti-Corruption Pledge” last year, I commented on the Wiki page he set up for it, and left a copy in an earlier blog post.
Larry responded the next day. I copy here both his reply and my counter-comment:
- But even if Limited Liability is a more fundamental problem, which I’m not convinced it is, but if: You still need the means to address it, which you don’t have till you address the money problem first. Lessig 10:44, 5 March 2012 (EST)
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- Larry, thanks for your comment, but I’m not sure I follow you. I think it is a fundamental mistake to ignore that corporations are created in states, despite their tendency to accept if not push for the federalization of corporate law.
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- Sure, we can try to address money in campaigns at a federal level, but that’s no reason to turn our back on the leverage that we have in fighting for more responsible corporations – and corporate owners. It’s alot easier to win at least one small victory when you’re also fighting in 50 smaller fora rather than just one big one. TokyoTom 14:44, 17 March 2012 (EDT)
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