online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
No download needed!
What is Simcountry?
Beginners Info
What is Simcountry?

!!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Simcountry: Simcountry Bulletin Board  !!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Big Brother (Fearless Blue)

Wednesday, December 22, 2004 - 12:41 am Click here to edit this post
Disaster Strikes.... Disaster Strikes...

Apparently we did have some limited liability up until the changes announced on 20 December 2004, in that there was a limit to the amount of debt the "parent entity" (CEO or country) could inherit from a subsidiary corporation. However the game changes have removed this protection completely and there is no limit to the amount of debts a parent entity. This is is clearly a retrograde step. I call on W3C to bring back limited liability, but at a much lower level so that no, or very small amounts of debt are transferred to the "parent entity" from bankrupt corporations, for 2 key reasons.

1. Limited Liability has been such an intrinsic part of capitalism and the modern economy since the 19th Century, any simulation needs it to be realistic.

2. It'll be more fun, (honest) it will allow us to take more risks in setting up new corporations without worrying about the debts that the parent CEO/country incurs.

Simcountry Introduction