Corporation, n. An ingenious device for obtaining individual profit without individual responsibility.
About this quote
- What does it mean?
- Corporations are described as structures that let individuals gain profit without risk.
- In plain terms
- Companies let people make money without taking personal risk.
- What can you take from it?
- Corporate structures can separate profit from liability.
Where it applies
Putting it to work
Questions to consider
- Who should be accountable for business decisions?
- How does structure affect responsibility?
Another view
It ignores benefits like risk pooling and innovation.
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