Limited liability and the modern corporation in theory and in practice
通过全球金融危机和墨西哥湾漏油事件，揭示大型私营企业缺乏公共控制导致的系统性风险，指出资本主义私有化收益、社会化损失的模式在政治上的不可持续性。
The catastrophic consequences of a lack of public control over the operations of large private corporations have been thrown into sharp relief by two major events in the recent past: the global financial crisis and the Deepwater Horizon oil spill in the Gulf of Mexico. While these events obviously differ in scope and nature, they nevertheless turn the spotlight on a fundamental problem of contemporary capitalism. An economic system that facilitates the privatisation of gains in the hands of ever smaller elites while also socialising risk (losses) in an anarchic manner to the detriment of the many, is not politically viable in the long run. This is the case, in particular, if a core element of this system's legitimacy is its claim to promote democracy at home and around the world, based on principles of transparency and accountability. Both the global financial crisis and the Deepwater Horizon oil spill have already attained the status of ‘watershed’ events mainly because the social, economic and environmental risks inflicted by private actors on very large groups of people were extraordinary and the causes of failure to manage these risks were systemic rather than accidental.