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risk and liability January 26, 2010

Posted by Bradley in : risk , trackback

According to the World Economic Forum’s Risks Interconnection Map, there is a risk that US style liability rules will spread to other parts of the world and this:

reduces personal accountability and loss sharing, and global insurance capacity, undermining investment and growth.

Funny, I thought liability was all about accountability. But the statement refers to “personal” accountability. Perhaps in this context corporations aren’t people.

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