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> What does it matter to you if they pay or we all do Because when you know you'll be held personally responsible, you'll act accordingly. If you feel like you
by capableweb 6y ago
> What does it matter to you if they pay or we all do
Because when you know you'll be held personally responsible, you'll act accordingly. If you feel like you can act any way you want without repercussion, then you'll automatically take more risks. Usually this is the way we justify the salaries of CEOs as well, "they are the ultimate responsible for everything in the company, so high salary is needed for that big risk".
- darkerside 6y ago> The only impact is potential moral hazard, but that could be prevented with loss of licenses, etc.
- capableweb 6y agoRepeating what you've already written (or outright copying it verbatim / quoting yourself) is hardly a effective strategy of making yourself better understood via the internet. You'll do better by expanding or simplifying your point of view instead.
- darkerside 6y agoIt seemed like you missed the part where I pointed out that there are other ways than monetary to prevent undesirable behavior. These people can be jailed or lose the ability to work in this industry. The situation is not an indictment of capitalism, it's an example of a poorly handled situation.
- capableweb 6y agoThanks for further clarifying! Being jailed or loosing the ability to work in a industry isn't necessarily better for everyone involved, if the person is actually normally good at what they do. A monetary fee for causing a disaster feels extra well in place for positions that people generally take for their monetary compensation as well (board, director, presidents, C* and so on).