|
|
|
|
|
by exclusiv
1557 days ago
|
|
I wouldn't say it's a capitalism problem but more of the erosion of a free market. Anything that is counter to a free market rewards unethical behaviors. But politicians don't need to be bought. It's just what has been tolerated. This is a great enabler and you can see this with the SEC as just one example. Regulatory capture occurs [1] and the megacorps infiltrate. People want to get ahead and they hide behind these megacorps, many of which have unethical behavior pushed by the leadership, investors, their boss, and sometimes even condoned by in-house lawyers. If there is no risk to shareholder value and no risk of personal charges, they will do it. We need some criminal charges levied and some extreme fines. Maybe just set the fines to equal the money they stash overseas? It HAS to grossly outweigh the economic gain from the behavior, so that it's a big hit to shareholder value. [1] [1] https://en.wikipedia.org/wiki/Regulatory_capture |
|