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A corporation is a legal entity, so it is created by government and gets a liability shield and separate identity from its owners, but that has nothing to do with free market economics.

Should the owners be shielded from liability? How one and the same person can have two "separate identities"? Can you have free market without personal responsibility?

The legal construct of corporation is to serve the common public interest. If this plain truth is forgotten it will lead to the erosion, reduction and abolishment of this construct.

"Should the owners be shielded from liability?" Absolutely.

The corporation is the one conducting business and thus it is the only one that should be liable for the debts of the business. Corporations serve a vital purpose of pooling capital from lots of people and allowing one entity to use the capital in our free market system.

"How one and the same person can have two "separate identities"? Can you have free market without personal responsibility?"

Again, the corporation has the responsibility, and rightly so because it is performing the business.

"The legal construct of corporation is to serve the common public interest. If this plain truth is forgotten it will lead to the erosion, reduction and abolishment of this construct."

WRONG. The legal construct of the corporation is to make a profit for its owners. It has nothing to do with the common good--that is Marxist language.

The legal construct of corporation is to serve the common public interest

LOL! If you really believe what you just wrote, then you are a very uninformed American.

The purpose of every corporation that I ever owned was to generate personal wealth for myself and my family.

And that is the sine quo non of free market capitalism.