4 ms·

Source: I made it up This is not what has happened with previous regulations. In fact, it's mostly weaponized against US companies, but that's mostly because i

Source: I made it up This is not what has happened with previous regulations. In fact, it's mostly weaponized against US companies, but that's mostly because it's fun and deserved.

krono 4y ago
Source I have experienced this with my own business, and saw it happen to other commercial as well as non-commercial entities with previously implemented acts and directives. It's not dissimilar to how the tax authorities always seem to pick small timers for a random extensive audit.
- DyslexicAtheist 4y ago
  there is nothing in history that could be used as a precedent to predict how this will be enforced. big companies will be in the news very hard for violating these laws. no-name small timers might get a slap on the wrist. but pretty sure fines will be proportional. about time companies are held accountable
  - krono 4y ago
    As previously implied this does not conform to my own observations The idea is good and I'm all for it, but mostly due to said observations I'm not convinced its practical implementation will be very effective at all
- ikiris 4y ago
  Won't someone think of the poor oppressed small business owners. It's not like they're the cause of half of regulations or anything due to all the scummy small business owners...
  - krono 4y ago
    You are missing the point entirely. Yes think of smaller entities - which are not all commercial, mind you - just don't think of them more often and more thoroughly than the multinational megacorporations that have been racking up endless violations, most of which they are continuously worsening rather than fixing, and are in many cases actively trying to litigate into oblivion.
unity1001 4y ago
That is the modus operandi of US regulatory apparatus. Example: Glaxo Smith Klein !knowingly! killed ~150,000 Americans by pushing Avandia for a purpose that it was not approved for. They knew that it would kill a lot of people before they launched it, and they started bribing and coercing medical professionals and institutions, including top names in the US to lie about it. They kept an information siege of lies up until whistleblowers protected by Qui Tam principle blow the cover, protected by the government. The result? GSK paid $4 bn in fines. They made $11 bn in profits from that drug. Net $7 bn even with the fine. ... This is the way regulation works in the US. And this is why the Americans dislike it: Small businesses can never risk that. Big businesses dont need to care about that. Its designed to kill the small for the sake of the big. The Eu used to be different. But judging from how this law is crafted, it might be changing.
- donnowhy 4y ago
  this is "GOOD BUSINESS" and bad (evil) everything else. oh the humanity
  - unity1001 4y ago
    Yep. One person among the US authority that led this prosecution explained very well what GSK did was in an Al Jazeera documentary. He said: "This wasn't a mistake. This was a good business plan."

Source: I made it up This is not what has happened with previous regulations. In fact, it's mostly weaponized against US companies, but that's mostly because it's fun and deserved.

krono 4y ago

Source I have experienced this with my own business, and saw it happen to other commercial as well as non-commercial entities with previously implemented acts and directives. It's not dissimilar to how the tax authorities always seem to pick small timers for a random extensive audit.

DyslexicAtheist 4y ago
there is nothing in history that could be used as a precedent to predict how this will be enforced. big companies will be in the news very hard for violating these laws. no-name small timers might get a slap on the wrist. but pretty sure fines will be proportional. about time companies are held accountable
- krono 4y ago
  As previously implied this does not conform to my own observations The idea is good and I'm all for it, but mostly due to said observations I'm not convinced its practical implementation will be very effective at all
ikiris 4y ago
Won't someone think of the poor oppressed small business owners. It's not like they're the cause of half of regulations or anything due to all the scummy small business owners...
- krono 4y ago
  You are missing the point entirely. Yes think of smaller entities - which are not all commercial, mind you - just don't think of them more often and more thoroughly than the multinational megacorporations that have been racking up endless violations, most of which they are continuously worsening rather than fixing, and are in many cases actively trying to litigate into oblivion.

unity1001 4y ago

That is the modus operandi of US regulatory apparatus. Example: Glaxo Smith Klein !knowingly! killed ~150,000 Americans by pushing Avandia for a purpose that it was not approved for. They knew that it would kill a lot of people before they launched it, and they started bribing and coercing medical professionals and institutions, including top names in the US to lie about it. They kept an information siege of lies up until whistleblowers protected by Qui Tam principle blow the cover, protected by the government. The result? GSK paid $4 bn in fines. They made $11 bn in profits from that drug. Net $7 bn even with the fine. ... This is the way regulation works in the US. And this is why the Americans dislike it: Small businesses can never risk that. Big businesses dont need to care about that. Its designed to kill the small for the sake of the big. The Eu used to be different. But judging from how this law is crafted, it might be changing.

donnowhy 4y ago
this is "GOOD BUSINESS" and bad (evil) everything else. oh the humanity
- unity1001 4y ago
  Yep. One person among the US authority that led this prosecution explained very well what GSK did was in an Al Jazeera documentary. He said: "This wasn't a mistake. This was a good business plan."