Re:Very unpopular sentiment (Score 1)

Acutally, it would shift investing from people investing directly in a company, to investing with mutual funds or just depositing their money in banks. Investment won't dry up, it will just move and place new buffers between people and their investments. Mutual funds will adopt the risk and will exercise more control over their investments and possibly bring about a better style of corporate governance where "profit at all expense" will be replaced with "profit, but do it right".

People invested in business before the corporate form existed, and they will continue to invest in business if it disappears. Partnerships of varying types existed and even limited liability partnerships would work as well. I just think it is bad policy to remove shareholders so far from corporate governance that the ethics of governance are ignored in favor of extreme profit.