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This money should be fed back into the regulatory system to provide fund for expanding audits of these companies which are clearly out of control. Corporations
by stjohnswarts 5y ago
This money should be fed back into the regulatory system to provide fund for expanding audits of these companies which are clearly out of control. Corporations are basically entities without morals. They only care about the legality of situations and interpretations thereof that their lawyers think they can get away with so as much oversight as possible would be great.
- dahfizz 5y agoThis sets up the worst incentives. Regulators would get paid by the fines they extract, so it would be in their benefit to chase any lawsuit against FAANGs, no matter how tenuous, while letting the 99.99% of other companies run amok because they wouldn't result in the billion dollar paydays.
- stjohnswarts 5y agoWhat we have right now is only half way working why not give it ample funds to fix it? We have judges to decide if a government dept is overstepping its bounds. To always say "bureaucracy is bad, always" is not a very good tautology.