The most reckless will, of course; but most people won't -- they just won't do it.

Corporations evolved the liability structure they have today so that large undertakings, where many people have to work together and where the bad deeds of a small number of those people could sink the undertaking, were something that regular -- people who can't self insure -- could be a part of, as investors, managers, staff, &c, &c.

Limited liability may make accountability too narrow; but blanket personal liability makes it far too broad. It's not a solution for running a large, complex economy in a more accountable way.

And 70 years ago I would agree with you, but now we have a handful of individuals who are the economy with wealth that's rivaling nations. Something has gone awry.