The Quakers questioned the morality of Limited Liability Act 1855 because it relieved the owners of the business from responsibility for the actions of the business.
They felt the separation of ownership from management was morally irresponsible.
As limited liability took hold, Quaker influence in business declined. In 1918 the British Labour Party was formed in response to the effects limited liability was having on society.
Many of us today are owners (shareholders) of companies. We care about profits, but do we care about how staff are treated?
Perhaps we don't really consider it. Is it any wonder then that staff don't get treated so well and many of us feel that we are expected to behave like robots or drones.
In considering the question of the Limited Liability Corporation the Quakers 'declared that nothing less than the ‘personality’—the personhood of the human—was at risk in the ways that the system treated its participants.'...
https://throughtheflamingsword.wordpress.com/2011/06/30/quakerism-capitalism-%e2%80%94-transition-1895-1920-the-limited-liability-corporation/
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