4 ms·
"This is, I think, the real moral hazard you saw back in the 2007 financial crisis: companies can reach a scale where it's very costly to definitively assess wh
by rqtwteye 2y ago
"This is, I think, the real moral hazard you saw back in the 2007 financial crisis: companies can reach a scale where it's very costly to definitively assess who is to blame for crimes and can therefor commit any profitable crime up to a certain threshold. It both makes a mockery of the rule of law as a concept (along with many other things in the US legal system) and is an enormous competitive advantage for large companies. I'd include Uber's grey area stalking[2] and the eBay stalking campaign[3] in this category.
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If a company is too big to be managed properly it shouldn't exist. We saw that in 2008 with "Too big to fail" banks. I also remember the AG back then stating that some companies are too big to prosecute which is also big problem. Seems health insurances also have reached that scale where they can screw with people without consequences.