Originally posted by no1marauder
No you didn't.
You talked a lot about the "voluntary" nature of a corporation, but the fact is people are obliged by law to treat a corporation as something it is not i.e. a person. Moreover, if you are harmed by a corporation the individuals who own it can escape paying for all the harm done leaving you uncompensated at least in part.
This is enforced by governmental fiat i.e. ultimately force.
In my original post, I gave the two justifications or rationales for government creating the corporation, its reason d'etre.
The corporation eases the difficulty in raising capital in two ways. It allows people to buy part ownership in the new concern, and encourages them to do so, by limiting their liability to what they have invested. Without limited liability, it is doubtful anyone in their right mind would ever invest in stock.
Good ideas, and some bad ones, get funded, and people make and lose money in the process. As far as inadequate compensation for those harmed, in more cases I find that people see tort law as a lottery system whereby they can get wealth of others, and often courts award far more than compensation to the alleged victims.