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Substantial fines to domestic businesses create resentment from voters who lose their jobs due to such fines. That's why governments does this to foreign compan
by Aunche 3y ago
Substantial fines to domestic businesses create resentment from voters who lose their jobs due to such fines. That's why governments does this to foreign companies (e.g. US fining VW and EU fining big tech). I wonder if there is a way to structure these penalties such that doesn't cripple the domestic economy such a forcing companies to issue new shares that immediately get acquired by the government.
- shigawire 3y agoCapital punishment for executives would do it.
- UncleMeat 3y agoOur society has been totally captured by corporations. Employees need corporations to generate profits, otherwise there are layoffs or closures and people lose their jobs. This is bad for the people because we have limited social safety nets and joblessness can devastate people. People who hope to ever retire need corporations to generate profits, otherwise their 401ks can never grow. This is bad for the people because without investment growth it is unreasonable for a most people to generate the sums needed to retire with dignity. We've generated a system where the people will complain when corporations are held to any account. We've tied ourselves to the success of big business and can't get off the ride.