I'm not a libertarian either but that would kill businesses. Who wants to trade when all possible variables can are ALL of their life. Or maybe there is an insurance :))

I think that without liberal institutions such as corporate regulation and entitlements, and the money system, great ventures such as energy and food distribution, transportation, semiconductors, etc., would be impossible.

Even despite the recent election results, I still have faith that society would not voluntarily accept an ideology that necessitates a cataclysmic drop in prosperity. Thus, a "libertarian" society would probably accept at least a bare minimum number of liberal institutions.

That actually makes sense. Or maybe there should be prison sentences for corporations. If you mess up you are closed for a few years.

My thought is that a corporation would not be an entity. It would simply be a partnership of individuals, so the penalties would fall on the individuals. They could have some sort of a contractual arrangement with one another for things like mutual support if someone sues them.

I also suspect that without corporations, businesses would be a lot smaller, limited to whatever the owners can personally monitor and control.

Makes sense. I just thought if a corporation would be taken out of business for a while instead of just paying a fine as they do now, a corporation couldn't grow very big either because the risk of somebody doing something wrong would be too high. Your approach is probably simpler.

Good luck getting anyone to ever start a business then.