While this sounds good in theory, I suspect the actual result would be much worse for justice in most cases. With the corporation acting as its own legal entity, if you are wronged, you sue and obtain justice from the corporation. If instead you needed to sue each and every shareholder to obtain their share of the liabilities, you'd likely spend many more years in court as each individual owner argues why they aren't personally liable for the given act because they didn't have knowledge, or control over the specific chain of events that caused you harm, and the courts have to sort out each individual case.