4 ms·

Or full refund recall. Plus environmental tax and full onshore recycling of parts.

vincnetas 3y ago
How do you achieve that with company that is going bankrupt? Big corps, will spin up a branch responsible for that product and cut it off in case of the problems.
- quickthrower2 3y ago
  That must become illegal at some point. I spin up a branch, take a billion in off the plan appartments deposits then declare that branch bankrupt while my agency branch rakes it in.
  - jwestbury 3y ago
    It's a legal grey area, generally. It's not uncommon for companies to utilise special-purpose vehicles/strategy bankruptcies to insulate themselves from the financial fallout of their actions, though.
- jonhohle 3y ago
  Insurance.
- jrockway 3y ago
  "Dear CEO, you will make license plates in this prison until the recycling is paid off."
  - quickthrower2 3y ago
    Aaaand [clicks fingers] you’re awake
- vidarh 3y ago
  You can tax the products at the time of sale for expected externalities. Then you can still let people run reclamation/returns themselves and claim against tax and be responsible for overruns. An example is the drinking container taxes in Norway, where single use containers are subjected to a graded tax depending on return rates. If the containers are part of approved returns schemes etc. and achieve 95%+ return rates you pay nothing. Below that the worse the return rates the higher the tax per unit (even if returned in other recycling). This gives an incentive to avoid containers that are not part of the recognised returns schemes. [Some returns schemes, like the bottle return scheme further applies a specific deposit amount per unit, so the amount added, or a portion of it, is recoverable for customers] While ensuring payment for returns processing is important, getting the cost of externalities pushed to the point of sale is also important, because it punishes you with higher prices for products that are hard to get decent return rates for.
- olddustytrail 3y ago
  Companies should not be allowed to own other companies.
- mrguyorama 3y ago
  Maybe stop allowing companies to make up a fake bankruptcy to hide their money from cleanup efforts in the first place? Judges have significant freedom to stop that kind of thing, it's not a default.

How do you achieve that with company that is going bankrupt? Big corps, will spin up a branch responsible for that product and cut it off in case of the problems.

quickthrower2 3y ago
That must become illegal at some point. I spin up a branch, take a billion in off the plan appartments deposits then declare that branch bankrupt while my agency branch rakes it in.
- jwestbury 3y ago
  It's a legal grey area, generally. It's not uncommon for companies to utilise special-purpose vehicles/strategy bankruptcies to insulate themselves from the financial fallout of their actions, though.
jonhohle 3y ago
Insurance.
jrockway 3y ago
"Dear CEO, you will make license plates in this prison until the recycling is paid off."
- quickthrower2 3y ago
  Aaaand [clicks fingers] you’re awake
vidarh 3y ago
You can tax the products at the time of sale for expected externalities. Then you can still let people run reclamation/returns themselves and claim against tax and be responsible for overruns. An example is the drinking container taxes in Norway, where single use containers are subjected to a graded tax depending on return rates. If the containers are part of approved returns schemes etc. and achieve 95%+ return rates you pay nothing. Below that the worse the return rates the higher the tax per unit (even if returned in other recycling). This gives an incentive to avoid containers that are not part of the recognised returns schemes. [Some returns schemes, like the bottle return scheme further applies a specific deposit amount per unit, so the amount added, or a portion of it, is recoverable for customers] While ensuring payment for returns processing is important, getting the cost of externalities pushed to the point of sale is also important, because it punishes you with higher prices for products that are hard to get decent return rates for.
olddustytrail 3y ago
Companies should not be allowed to own other companies.
mrguyorama 3y ago
Maybe stop allowing companies to make up a fake bankruptcy to hide their money from cleanup efforts in the first place? Judges have significant freedom to stop that kind of thing, it's not a default.