Comments by "" (@foxmoongaze) on "Why are we still giving limited liability to almost anyone who asks for it?" video.

Removing the benefit and making directors/shareholders accountable would probably be a very good thing in the longer run, and some of the "creative" accounting would become defunct. There may also be a knock on effect where parts of the consumer/investor protections and insurances become almost unnecessary. However, I suggest the use of limited liability runs deep, not just in the UK, and those who could make this change probably will not, or won't be allowed.
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@Tensquaremetreworkshop Are you thinking people/directors/companies should not be accountable? It's perhaps a scary thought, but also seems more honest. Perhaps insurance would be a better way to protect against personal loses rather than limited liability as that may promote directors to take fewer risky decisions for personal profit and focus more on company health.
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