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One of the things I have evolved on as a liberal/leftist. There are just too many situations today where somebody is paying the fine with a smile on their face, if not settling for some trivial amount with no acknowledgement of wrongdoing. Willful harms and even reckless harms by corporations need to be penalized aggressively and punitively. When a corporation worth $30 billion gains $1.3 billion in material benefit over 10 years by doing some activity that victimizes or risks people, it's fucking stupid to try and penalize them $10M with no jail time for anybody. "Cost of doing business" should never be a viable option, because the law needs a subjective bent, some small tyranny of justice, some adversarial person that corporations are structurally encouraged to be terrified of pissing off. If that means forcibly diluting their stock, or seizing the company, or terminating their charter, or throwing their executives down a hole for five years, that's evidently a necessary component of regulation. Deterrence is the name of the game, not just "seeking compliance". We created corporations, and demand their executives, to behave in a psychopathic, amoral, "rational" profit-seeking manner by the legal fiduciary duty. Passively failing to significantly penalize predatory acts is actively encouraging their continuation. It's creating tools meant to do a thing (Hammers) and using them wrong (Juggling) and then acting stunned when they land on your foot, and spending the rest of the day glaring at and shaming the hammers, demanding verbal assurances that they'll never land on your foot again. Occasionally, we hear about China rewarding corporate executives who commit malfeasance of a sufficiently malignant scale with capital punishment. The buck stops here. It sometimes makes the grass look greener on the other side, even with all the things I object to within that system. |