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Even with the looming threat of billions of dollars of fines, big co's STILL try to cheat the system. In a deregulated market, how can we ever expect these co'
by TomGullen 11y ago
Even with the looming threat of billions of dollars of fines, big co's STILL try to cheat the system.
In a deregulated market, how can we ever expect these co's to act honestly? We can't.
- knd775 11y agoIt is regulated... They just didn't follow the regulations.
- mtgx 11y agoAnd in many cases they get away with it as DOJ often doesn't want to prosecute the "too big too fail", so they start finding the risk of breaking the law acceptable, especially if "everyone does it". I assume there are other car manufacturers who do this, but haven't been found yet, or at least were considering doing it in the future with more stealthy technology.
- pionar 11y agoThe point was that if they don't follow regulations, how can we expect corporations to act ethically if they're deregulated?
- branchless 11y agoPretty sure we have seen this worked well with banking /s
- michaelt 11y agoIf there aren't any regulations, they won't be breaking any regulations. Problem solved - right? :)
- jazzyk 11y agoRegulations ARE in place, but until someone goes to jail, these things will keep happening. The cost of fines will be passed on to the shareholders (and ultimately, the customers). Even if the executives get fired, you can be sure they get golden parachutes. Rinse and repeat.
- maxxxxx 11y agoThe people making the decisions don't play with their own money. You make a lot of bonus while the cheat is going on and when it blows up you walk away with the money. Either the shareholders or the regular employees (through layoffs) pay the bills. Now if the decision makers had to pay back their bonuses that would be different.