3 ms·

If corporations are people, then laws are corporation's moral compass. The solution would likely be to produce regulations to provide a moral compass to corpora

If corporations are people, then laws are corporation's moral compass. The solution would likely be to produce regulations to provide a moral compass to corporations so that they are required to exhibit the behavior we would like them to have. Corporations are legal automatons, and need to be treated as such. This doesn't necessarily mean we need more rules - we could easily improve regulation by creating rules with fewer, broader commands. Certainly, this would create some inefficiency, but it would be inefficiency on the commercial side, rather than the legislative one. (i.e. simpler, broader laws make certain commercial activities illegal when there might be nuanced reasons that they should be allowed, vs detailed and exhaustive regulations create more corporate opportunity but also more loopholes and regulatory surface area.)

nostrademons 8y ago
This is pretty challenging for a multinational corporation operating in a globalized world. The issue here is that Google is trying to produce a product that conforms to Chinese laws for doing business in China. These laws are deeply offensive and immoral to many people in Google's largely-American workforce. Trying to create a moral compass that multinational corporations can live by requires creating laws that apply to everyone on earth. Personally, I think that's a great idea. Then the hard work is in finding a set of global laws that everyone can agree on, and that's the sticking point, because peoples' moral sensibilities on earth are largely contradictory. Americans would be quick to say "Well, we should all operate under democracy - let the people decide what these laws should be", not realizing that if we actually did world democracy 1-person-1-vote style, the legal framework they would live under would likely be some weird amalgamation of the Chinese & Indian political systems, because close to 50% of the population lives in those countries. America would get about 5% of the vote, so it's a good bet that our wishes would be ignored. Personally, though I love the idea of world government in theory, I didn't sign up for those conditions. Given the general resistance to globalization by populist bodies in basically every nation on earth, most other people didn't either.
- NoodleIncident 8y ago
  American companies have to follow American laws. If those laws are incompatible with China's then too bad, those companies can't make money in those exact ways. There's no need to fearmonger about a non-existant world government.
  - j16sdiz 8y ago
    Except every government is trying to expand their law for internet. Just see how many American company changed their website for GDPR Your CEO won't want arrested in Thailand and extradite to China because their company in Europe violated a random law in China.
  - nostrademons 8y ago
    That gets complicated too. The way multinationals are usually setup - particularly with incompatible jurisdictions like US + China - is for a new company to be formed in the country they want to do business in, but with shares wholly owned by the parent. (In the case of China, they often need to partner with a domestic Chinese company that owns some of the shares - this is a sticking point in US/China trade relations, because it's commonly a front for industrial espionage.) Google China is not an American company; it is a Chinese company, headquartered in Beijing, that is partially owned by Google, which itself is owned by Alphabet. If you want to block cross-border capital flows, you're looking at a lot of collateral damage. Apple, Coca-Cola, Pepsi, Nike, McDonald's, KFC, Altria (Phillip Morris), and many others would lose > 50% of their revenue if they could not do business through international subsidiaries that operate according to the laws of the country that they do business in. That's a lot of American jobs lost and a lot of underfunded pension plans. The problem with a lot of "too bad - just close the borders and have American companies build things in America for Americans" is that it ignores that the 1950s utopia they want to go back to was itself built on globalization. America was the engine of the Marshall Plan, and basically rebuilt the world after WW2. That allowed Americans of the 50s-80s to enjoy standards of living well above what the domestic economy would support. If we actually wanted to shut ourselves off from the world, the resulting economy would likely look a lot more like the America of the 1850s (before steamships made crossing the ocean a routine occurrence) or the North Korea/Cuba/Iran of today (as examples of other countries that have isolated themselves from the world economy).

nostrademons 8y ago

This is pretty challenging for a multinational corporation operating in a globalized world. The issue here is that Google is trying to produce a product that conforms to Chinese laws for doing business in China. These laws are deeply offensive and immoral to many people in Google's largely-American workforce. Trying to create a moral compass that multinational corporations can live by requires creating laws that apply to everyone on earth. Personally, I think that's a great idea. Then the hard work is in finding a set of global laws that everyone can agree on, and that's the sticking point, because peoples' moral sensibilities on earth are largely contradictory. Americans would be quick to say "Well, we should all operate under democracy - let the people decide what these laws should be", not realizing that if we actually did world democracy 1-person-1-vote style, the legal framework they would live under would likely be some weird amalgamation of the Chinese & Indian political systems, because close to 50% of the population lives in those countries. America would get about 5% of the vote, so it's a good bet that our wishes would be ignored. Personally, though I love the idea of world government in theory, I didn't sign up for those conditions. Given the general resistance to globalization by populist bodies in basically every nation on earth, most other people didn't either.

NoodleIncident 8y ago
American companies have to follow American laws. If those laws are incompatible with China's then too bad, those companies can't make money in those exact ways. There's no need to fearmonger about a non-existant world government.
- j16sdiz 8y ago
  Except every government is trying to expand their law for internet. Just see how many American company changed their website for GDPR Your CEO won't want arrested in Thailand and extradite to China because their company in Europe violated a random law in China.
- nostrademons 8y ago
  That gets complicated too. The way multinationals are usually setup - particularly with incompatible jurisdictions like US + China - is for a new company to be formed in the country they want to do business in, but with shares wholly owned by the parent. (In the case of China, they often need to partner with a domestic Chinese company that owns some of the shares - this is a sticking point in US/China trade relations, because it's commonly a front for industrial espionage.) Google China is not an American company; it is a Chinese company, headquartered in Beijing, that is partially owned by Google, which itself is owned by Alphabet. If you want to block cross-border capital flows, you're looking at a lot of collateral damage. Apple, Coca-Cola, Pepsi, Nike, McDonald's, KFC, Altria (Phillip Morris), and many others would lose > 50% of their revenue if they could not do business through international subsidiaries that operate according to the laws of the country that they do business in. That's a lot of American jobs lost and a lot of underfunded pension plans. The problem with a lot of "too bad - just close the borders and have American companies build things in America for Americans" is that it ignores that the 1950s utopia they want to go back to was itself built on globalization. America was the engine of the Marshall Plan, and basically rebuilt the world after WW2. That allowed Americans of the 50s-80s to enjoy standards of living well above what the domestic economy would support. If we actually wanted to shut ourselves off from the world, the resulting economy would likely look a lot more like the America of the 1850s (before steamships made crossing the ocean a routine occurrence) or the North Korea/Cuba/Iran of today (as examples of other countries that have isolated themselves from the world economy).