4 ms·

> Capitalism just isnt set up to punish the Bourgeois. Its not a problem of capitalism its a problem of a judicial system having no balls to put execs in priso

> Capitalism just isnt set up to punish the Bourgeois. Its not a problem of capitalism its a problem of a judicial system having no balls to put execs in prison.

nimbius 3y ago
https://en.wikipedia.org/wiki/Swill_milk_scandal https://en.wikipedia.org/wiki/Swill_milk_scandal The US had one of these scandals too. nobody was arrested, no one charged. Tammany Hall politician Alderman Michael Tuomey, known as "Butcher Mike", defended the distillers vigorously throughout the scandal—in fact, he was put in charge of the Board of Health investigation. The guy basically ended all investigation and shielded all guilty parties.
- nyokodo 3y ago
  > The US had one of these scandals too In 1850, we were in the buildup to the civil war and hadn’t even ended slavery, the political and legal environment were drastically different. I’m not suggesting there aren’t lessons to learn but the comparison is ridiculous.
nielsbot 3y ago
The problem is called regulatory capture. And it’s by our campaign finance system. And that’s a result of unhindered capital accumulation by a minority.
- nyokodo 3y ago
  > regulatory capture You don’t need a campaign finance problem to get regulatory capture. Only industry insiders have the context to regulate industries. They come from industry, they know and are known by all the players, and back to industry is where they want options to return. They see the world in terms other insiders do and they don’t want to burn any bridges. This is a recipe for industry getting what they want in most cases.
  - nielsbot 3y ago
    I agree "revolving door" is also a huge problem.
virtualritz 3y ago
> Its not a problem of capitalism its a problem of a judicial system having no balls to put execs in prison. Parent was talking about root cause, not cause. In the US, corporations, through campaign contributions, lobbying, etc. have influence at all levels of governance. In the end this requires money above all. The conclusion that the system (including the judical one) is rigged in favor of such coroporations has "something" to do with capitalism isn't too far fetched. Or for the case at hand: your point would be that the 346 people didn't die because of Boing taking shortcuts for profit; they rather died because their resp. planes fell out of the sky? ;)
diob 3y ago
It's not Capitalism, it's just a result of the judicial system that results from Capitalism. Right?
- dcow 3y ago
  America is not founded on capitalism and our judicial system is not innately born from it. Not saying capitalism via corporate lobbying and bribes hasn’t had an effect on the notion of justice, but our foundational legal principles exist outside of our nation’s choice of economic policy.
  - diob 3y ago
    No one said it was founded on capitalism. But that is our economic policy, so I'm not sure what you're trying to say.
    - dcow 3y ago
      For the judicial system’s behavior to result from capitalism would imply that our economic policy is baked into our foundational doctrine. I was just pointing out that capitalism did not beget our legal system.
      - diob 3y ago
        What do you think capitalism is? Define it, and I think you'll see our foundational doctrine is designed to enshrine and protect the ideas of capitalism. Much more talented and studied folks than I have explored this in depth, which you can find if you google capitalism and it's entanglement with the foundation of the USA.

> Capitalism just isnt set up to punish the Bourgeois. Its not a problem of capitalism its a problem of a judicial system having no balls to put execs in prison.

nimbius 3y ago

https://en.wikipedia.org/wiki/Swill_milk_scandal https://en.wikipedia.org/wiki/Swill_milk_scandal The US had one of these scandals too. nobody was arrested, no one charged. Tammany Hall politician Alderman Michael Tuomey, known as "Butcher Mike", defended the distillers vigorously throughout the scandal—in fact, he was put in charge of the Board of Health investigation. The guy basically ended all investigation and shielded all guilty parties.

nyokodo 3y ago
> The US had one of these scandals too In 1850, we were in the buildup to the civil war and hadn’t even ended slavery, the political and legal environment were drastically different. I’m not suggesting there aren’t lessons to learn but the comparison is ridiculous.

nielsbot 3y ago

The problem is called regulatory capture. And it’s by our campaign finance system. And that’s a result of unhindered capital accumulation by a minority.

nyokodo 3y ago
> regulatory capture You don’t need a campaign finance problem to get regulatory capture. Only industry insiders have the context to regulate industries. They come from industry, they know and are known by all the players, and back to industry is where they want options to return. They see the world in terms other insiders do and they don’t want to burn any bridges. This is a recipe for industry getting what they want in most cases.
- nielsbot 3y ago
  I agree "revolving door" is also a huge problem.

virtualritz 3y ago

> Its not a problem of capitalism its a problem of a judicial system having no balls to put execs in prison. Parent was talking about root cause, not cause. In the US, corporations, through campaign contributions, lobbying, etc. have influence at all levels of governance. In the end this requires money above all. The conclusion that the system (including the judical one) is rigged in favor of such coroporations has "something" to do with capitalism isn't too far fetched. Or for the case at hand: your point would be that the 346 people didn't die because of Boing taking shortcuts for profit; they rather died because their resp. planes fell out of the sky? ;)

diob 3y ago

It's not Capitalism, it's just a result of the judicial system that results from Capitalism. Right?

dcow 3y ago
America is not founded on capitalism and our judicial system is not innately born from it. Not saying capitalism via corporate lobbying and bribes hasn’t had an effect on the notion of justice, but our foundational legal principles exist outside of our nation’s choice of economic policy.
- diob 3y ago
  No one said it was founded on capitalism. But that is our economic policy, so I'm not sure what you're trying to say.
  - dcow 3y ago
    For the judicial system’s behavior to result from capitalism would imply that our economic policy is baked into our foundational doctrine. I was just pointing out that capitalism did not beget our legal system.
    - diob 3y ago
      What do you think capitalism is? Define it, and I think you'll see our foundational doctrine is designed to enshrine and protect the ideas of capitalism. Much more talented and studied folks than I have explored this in depth, which you can find if you google capitalism and it's entanglement with the foundation of the USA.