2 ms·
You are kind of stating the problem with individual approaches. > There are far worse entities than HelloFresh that are still alive as of today If these entit
by kevincox 3y ago
You are kind of stating the problem with individual approaches.
> There are far worse entities than HelloFresh that are still alive as of today
If these entities saw HelloFresh bankrupted with no prior warning and no option for recourse some number of them will clean up their act. When they see the first fine being tiny they will just double down because they know that they will get a warning before any serious action. And other entities that were following the rules will reconsider and start breaking them because they realize that the cost is tiny so they may as well get the benefit.
Basically there is some value to making an example of HelloFresh and showing that you will not get a warning, breaking the rules will not be tolerated. The first offense will be punished more than they have profited off of the crime.
I am playing a bit of a devil's advocate here. I think the correct position is likely somewhere in the middle. But it is clearly flawed if for each individual business their first fine is less than than their profits for doing the crime. Because that incentivizes every business to break the rules until they get their first "warning".
- jacquesm 3y agoI'm all for exponentially increasing fines with the first one a base 10% of turnover wiping out roughly half of last years profits for most entities. The second violation would wipe out all of their profits for a year, the third would undo two years of life and so on. Before you get to 5 you either get the message or you're done.
- Silhouette 3y agoIf regulators followed your advice and started putting companies out of business with that sledgehammer/nut approach to enforcement then the UK economy would crash faster than you can watch a lettuce go bad. (Again.)