3 ms·

If they were speaking of all, sure. Not all companies do poorly, though: Water treatment is often enough government owned, and we could do a lot of basic servic

If they were speaking of all, sure. Not all companies do poorly, though: Water treatment is often enough government owned, and we could do a lot of basic services in the same thing. We could do better on these, for example: Not billing residential customers for things like water, electricity, internet, and mass transit through taxes to ease the burden on poorer folks. They aren't talking about anything like this. The companies can avoid turning over equity by not getting fined. I don't think this is quite the right approach, but I do think we should consider other options. For example, getting fined means that stockholders can't get payouts and execs couldn't get bonuses or anything outside of their base monetary salary. These sorts of things make it harder to just write off a fine as "cost of business" even if the fine itself is low.

JumpCrisscross 3y ago
> getting fined means that stockholders can't get payouts and execs couldn't get bonuses or anything outside of their base monetary salary Norway can do this to the Norwegian entity. It has no jurisdiction over the global company.
- hkt 3y ago
  Unless they decide they do. That's the strange thing about sovereignty in a democracy. It is worth remembering that there's no such thing as a "global" company, by the way. These are largely American companies. They are structured to be unaccountable to other countries, and this is one of the ways in which american imperialism works.
  - JumpCrisscross 3y ago
    > Unless they decide they do…the strange thing about sovereignty in a democracy Not how sovereignty works. Oslo’s extraterritorial enforcement is bound by treaties that set limits on what it can do. It ultimately requires others’ coöperation. In practice, we delegate this to courts. The EU’s track record there is put to shame only by the FTC. Oslo, uniquely, seems to be ignoring the siren calls of fist pounding to populists in favour of prodding Facebook to change.

JumpCrisscross 3y ago

> getting fined means that stockholders can't get payouts and execs couldn't get bonuses or anything outside of their base monetary salary Norway can do this to the Norwegian entity. It has no jurisdiction over the global company.

hkt 3y ago
Unless they decide they do. That's the strange thing about sovereignty in a democracy. It is worth remembering that there's no such thing as a "global" company, by the way. These are largely American companies. They are structured to be unaccountable to other countries, and this is one of the ways in which american imperialism works.
- JumpCrisscross 3y ago
  > Unless they decide they do…the strange thing about sovereignty in a democracy Not how sovereignty works. Oslo’s extraterritorial enforcement is bound by treaties that set limits on what it can do. It ultimately requires others’ coöperation. In practice, we delegate this to courts. The EU’s track record there is put to shame only by the FTC. Oslo, uniquely, seems to be ignoring the siren calls of fist pounding to populists in favour of prodding Facebook to change.