2 ms·
> but we cannot send them to prison. I think this belief is the problem. At the very least, a company has representatives; if it was to go to jail for a crime,
by anonymousab 6y ago
> but we cannot send them to prison.
I think this belief is the problem. At the very least, a company has representatives; if it was to go to jail for a crime, then the C-suite or board could go in its place. A reasonable risk and form of accountability for the high rewards they already get.
But I think it's fair to take it a step further: imprison the company. That is, apply any effects you would apply to a prisoner to that corporation. Lack of communication or direct control of assets and funds for the equivalent period of time for a start.
Would that be existential, if not company ruining for any large length of time? Sure, just as it is for the average citizen. They'll lose many of the things they own, their jobs and livelihood and sometimes much more with any large prison sentence. Their loved ones and dependants' and acquaintances' lives are dramatically affected. So too can it be made the same for a company.
The limit of limited liability should change with scale.