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The problem is that we've taken "you wouldn't deal out the death penalty for someone who was caught stealing" and used it as justification to make the fines sig
by ratelimitsteve 1y ago
The problem is that we've taken "you wouldn't deal out the death penalty for someone who was caught stealing" and used it as justification to make the fines significantly less than the profits from breaking the law, thus incentivizing lawbreaking.
- seanmcdirmid 1y agoI don't think you get it. Detroying a company doesn't make the situation better, most regulation is centered around "punish and correct," rather than "vindictive destruction." The company has to survive to learn its lesson, or you haven't really made any progress.
- ratelimitsteve 1y agowho said anything about destroying a company? I just said that the fine should be more than the profit from breaking the law or you're not punishing and correcting, you're encouraging lawbreaking and taking a cut of the profits.
- account42 1y agoWe accept essentially destroying the lives of bad enough criminals in order to deter others, why should the same be out of the question for corporations.