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Because we, as a society, have decided that lying should be effectively mandated and there should be no punishment for it in general. It's not just a few busine
by o11c 2y ago
Because we, as a society, have decided that lying should be effectively mandated and there should be no punishment for it in general. It's not just a few businesses, it's practically all of them. As a rule, an honest businessman can't make enough money to survive while being undercut by everyone else.
- throwawaysleep 2y agoThis is basically it. Are the liars of our society shunned and condemned to penury? Nope. Jeff Skilling (Mr Enron) got out of jail and raised money for a new company. Pull off the fraud synonymous with corporate fraud and get investors. Former convicted Enron corporate officers enjoy fat speaking fees and cushy consulting gigs. You can pull off the fraud everyone knows and pay no social price for it. You can defraud investors by the billions and get a movie about you (Wolf of Wall Street). You can cook up the disaster that was WeWork and raise hundreds of millions from the most powerful VCs right after.