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Since when does this "Ability to pay" metric have anything to do with "Damages"? A judgement is what happens when the parties fail to come to any agreement abo
by mapt 2y ago
Since when does this "Ability to pay" metric have anything to do with "Damages"?
A judgement is what happens when the parties fail to come to any agreement about a settlement; A settlement would be where you'd figure in realistic actual compensation odds.
Also: "Destroying a business" and "unethical"? Businesses are artificial constructs we create and protect only for the social benefit they bring; They have inferior ethical status to human being in terms of accountability, behavioral psychology, and the sheer intangibility of meaningfully "harming" a business. We should be employing meaningfully large civil judgements against businesses far more often, because our criminal laws being difficult to apply at corporate scale so often fail to deter criminal wrongdoing which the justice system would otherwise throw the book at a biological human for.
Steal one person's house out from under them using fraud and we throw you in prison for 10 years. Do it with 100,000 houses from beneath the corporate veil, and we bail you out for your losses from having to relinquish the mortgage.
If not sizable fines, we should be employing "The Death Penalty", and simply revoking their corporate charter and seizing all their assets in a blanket action, when they do abhorrent things. Because, and I can't stress this enough - they aren't people, they're potentially dangerous, amoral / psychopathic algorithms which will only comply with rules to the extent that rules will be enforced in a way that destroys shareholder value.