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> I know the first thing I’d be trying to figure out is how to put my competitors in jail. Provide an incentive for companies to regulate each other! Let ratio
by Apocryphon 3y ago
> I know the first thing I’d be trying to figure out is how to put my competitors in jail.
Provide an incentive for companies to regulate each other! Let rational self-interest clean up the market while the state steps back and looks on!
- JumpCrisscross 3y ago> Provide an incentive for companies to regulate each other Do you think there is a reason every modern democracy resists privatising criminal prosecution? (They had it in Rome. We probably need a history of law section in the basic high-school curriculum.)
- Apocryphon 3y agoThe justice system in this hypothetical would not be private, it's just that companies would be trying to sue each other for breaking the rules, accidentally advancing the public interest.
- JumpCrisscross 3y ago> companies would be trying to sue each other for breaking the rules We already have private enforcement of many rules. Environmental ones, for example. We’re specifically discussing criminality, putting people in jail.
- Apocryphon 3y agoFair enough. I just see it as an escalation in deterrence.