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Is (3) either implementable or necessary (for the former case, are you liable the if you hold stock the moment the decision is made? What if the decision is ke
by elmomle 5y ago
Is (3) either implementable or necessary (for the former case, are you liable the if you hold stock the moment the decision is made? What if the decision is kept secret from public stockholders?)?
Agreed, though, that quality of life would be higher if decisions that materially degrade the quality of life for members of a society were judged as crimes against society, with antediluvian punishments (lifetime imprisonment at least, and stripping of all assets from the family) for all culpable corporate officers. Of course this also runs into problems, chief of which is: when does something materially degrade quality of life? How many tons of carbon emissions is permissible, for example? Once something is known to be bad, does a public oversight panel determine how much is to be allowed for a given company? And if so, how do you avoid (1) dramatically slowing innovation (which would be fine except we're still in competition with other countries) and (2) corruption of such processes over time?