Not confused. I studied finance, economics and the history of corporate entities in law school and published papers on the topic. Limited liability is not necessary for the advancement of standards of living. Free market capitalism can exist without limited liability protections being so broadly available. Investment banks were partnerships until the 1990s, law firms are now specifically because society wants to incentivize lawyers to be personally liable for any harm to their clients at the hands of their partners rather than being shielded from rendering bad legal advice or tolerating their partners from the same behavior.

Instead of having a gut reaction to reject my suggestion why don’t you sit with it, research the history of how commercial activity has been structured and think about the consequences. You might recognize a different perspective than the current group think.

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nradov 3 hours ago | parent [-]

Thanks I'm also familiar with the history and have written papers etc. Things have improved rapidly with increased adoption of limited liability. It would be stupid to turn back the clock and throw away all of the benefits because of a few isolated minor problems.

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digitaltrees 3 hours ago | parent [-]

Stop being a dick and calling ideas stupid and attacking me rather than the argument.

I didn’t say roll back limited liability on every industry, I said specifically and limitedly for frontier AI labs because they present more risk of harm and are demonstrating they aren’t managing that responsibility.

The 2008 financial crisis was caused in large part by bankers that openly talked about the fact that securitization of mortgages and the lack of partnership liabilities meant that they didn’t have any risk to the firm or themselves. The AI labs are behaving similarly.

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nradov 3 hours ago | parent [-]

There's nothing special about frontier LLM companies. Singling them out for special financial restrictions is a stupid idea based on nothing but your own irrational and uninformed prejudices. No actual harm has been demonstrated. No one has died.

	▲	reverius42 an hour ago \| parent \| next [-]
		We'll see if this comment ages well.
	▲	simoncion 25 minutes ago \| parent \| prev [-]
		> There's nothing special about frontier LLM companies. On the one hand, yes, they're companies like any other. On the other hand, I can count on one hand the number of companies that have publicly declared «We're working on WMDs [0], we don't think we are capable of working on them safely, and we refuse to stop working on them. However, if we get special legal and regulatory treatment we'll be quite happy to put in the stop work order.». So, yeah, there are some special things about the major LLM manufacturers and none of them are good. [0] Anything that has a 10% chance of suddenly destroying all of humanity is a WMD.