4 ms·

> take away all their gains and more, especially in regards to prestige and esteem, and you'll deter this type of behavior as effectively as incarceration I gu

> take away all their gains and more, especially in regards to prestige and esteem, and you'll deter this type of behavior as effectively as incarceration I guess that'll have be left to speculation until somebody actually manages to convince their government to try it, but I suspect that any financial penalties that don't outright end a company will rarely be enough on its own to act as a deterrent, and that absolving CEOs of any responsibility or accountability and placing the financial burden of fines for violating the rights of millions on the company as a whole will just cause it to be seen as an acceptable gamble for CEOs. It's not even a bad one. The gains to be made exploiting people are very great after all, and the risk of being caught fairly low. CEOs certainly don't care about prestige and esteem. They are often sociopaths and psychopaths who care very little about others or how they are viewed. Even when their actions do destroy a company they'll just deploy their golden parachutes and happily drift off to another one. As much as our legal systems fail to hold CEOs accountable corporations themselves are certainly no better at it.

clairity 4y ago
> "CEOs certainly don't care about prestige and esteem." oh quite the opposite, even for psycho/sociopaths. it's really the core thing that humans care about, with everything else, even money (beyond subsistence), only being proxy metrics for it. people kill other people simply for damaging their (self-)image/reputation (the jilted lover being a classic example). the point of this punishment is to strike right at the heart of what humans care most about by knocking them down a number of rungs on the status ladder (prison time alone doesn't do this, as they'll be just a rich and statused coming out and they were going in, though maybe a bit more humble/shameful). you don't necessarily need to make them poor, just relatively poorer than who they believe their peers are. but yes, the key to any of this is to raise the risk considerably, as you noted. no punishment can be effective without credible enforcement.

clairity 4y ago

> "CEOs certainly don't care about prestige and esteem." oh quite the opposite, even for psycho/sociopaths. it's really the core thing that humans care about, with everything else, even money (beyond subsistence), only being proxy metrics for it. people kill other people simply for damaging their (self-)image/reputation (the jilted lover being a classic example). the point of this punishment is to strike right at the heart of what humans care most about by knocking them down a number of rungs on the status ladder (prison time alone doesn't do this, as they'll be just a rich and statused coming out and they were going in, though maybe a bit more humble/shameful). you don't necessarily need to make them poor, just relatively poorer than who they believe their peers are. but yes, the key to any of this is to raise the risk considerably, as you noted. no punishment can be effective without credible enforcement.