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by smeggysmeg
110 days ago
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Yes, I want to see real, serious punishment for corporate crimes, on par with the life disruption experienced by people who see a jail sentence. It's almost always brutal - major income disruption, job loss, etc. If it's a small fine, which it always seems to be for corporations, then there is no incentive for following the law. I'm also in favor of corporate death sentences for large-scale egregious violations - liquidate assets and jail executives. By corporatizing social harms, basically nobody is ever held accountable - except for the little guy. |
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Again, this is false. At the very least there's financial penalties, which the shareholders are on the hook for. Moreover the corporate malfeasance that does happen don't map nicely to human crimes. If you kill a guy, you get sent to jail for decades. But what if you're a company, that makes a machine with sloppy code[1] that unintentionally kills someone? What do you do? Jail the programmer who wrote the code? Jail the manager who did the code review? Jail the CEO who had no knowledge of it but "buck stops with him" and we hate CEOs? How does the death penalty work? If you think it through it's basically a fine equivalent to the company's market cap. If Boeing does a bad that kills one person, does that mean the US government just repossesses the entire company?
[1] https://en.wikipedia.org/wiki/Therac-25