Re: Federal Budget Deficit Expected to Reach Over $300 Billion

["John M. Legge" <jlegge@xxxxxxxxxxxxxx>]

Bill,

Bruce will answer for himself, but since limited liability is socially
provided insurance to investors, simple equity demands that there is some
reciprocal obligation from investors to society at large.  Those who deny
the existence of such obligations or refuse to honour them should lose the
protection of limited liability.

You are correct that the Australian press in in the hands of a small number
of limited liability corporations; as far as I know, the UK
Guardian/Observer is the only major newspaper group run by a not-for-profit
trust.  At least Australia has the Australian Broadcasting Corporation, a
public corporation providing news and public affairs radio and TV.  It ain't
perfect, and its business and economics reporting, in deference to our
neoliberal government, is slavishly neoliberal, but alternative voices to
get a run.

JML

> From: pkt-owner@xxxxxxxxxxxxxxxx [mailto:pkt-owner@xxxxxxxxxxxxxxxx]On
> Behalf Of William B. Ryan
> Subject: Re: Federal Budget Deficit Expected to Reach Over
> $300 Billion
>
>
> An interesting comment regarding limited liability.  Are you
> saying that liability should not be limited, or are you
> saying it should be limited but they should pay for it?
>
> Also your comment about how Americans get their news.  Is it
> any different in Australia?
>
> Bill
>
> --
>