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That's basically nationalization, and in many countries people are extremely allergic to a government that likes to just take things. You need a bulletproof ju
by beAbU 2y ago
That's basically nationalization, and in many countries people are extremely allergic to a government that likes to just take things.
You need a bulletproof judiciary, that can rule fairly on which companies are taken over and which aren't, and all sorts of checks and balances to ensure that the government can't just abuse this ability to nationalize all the things.
Even though I proposed the idea of putting companies in jail, I was doing it tongue in cheek.
Ultimately fines are probably the only way to go. But the fines must be big enough in order to ensure it's an effective deterrent. It must hurt the company enough that it cannot just be considered the cost of doing business.
If a company is fined enough that it must actually close down/declare bankruptcy, then that's probably the few eggs you need to break in order to make the omelette I guess. A bunch of presumably innocent employees might be hurt by this decision, but overall it's for the greater good.