4 ms·

More CEOs need to go to prison.

by josefritzishere 2mo ago

barbazoo 2mo ago
One thing China does well. Put people that damage their society or economy behind bars.
- PeterHolzwarth 2mo ago
  In China, "harmed society or the economy" is very very often the excuse used to put political enemies into prison.
  - scotty79 2mo ago
    So? It works. Their economy is starting to lap the West one. Maybe cutting a little bit off the top works regardless of who exactly is being cut?
    - SpicyLemonZest 2mo ago
      It sounds appealing when you imagine that nobody you like would ever be cut, but that's not how the Chinese system works. I would guess that at some point in the past you've laughed at memes making fun of political leaders; in China, this is not allowed, because the authorities believe that posting mean things about the system or its leadership damages the trust in government which is required for a healthy society.
      - scotty79 2mo ago
        You won't scare me into compassion for people so different than me that they might as well not be carbon based.
    - PeterHolzwarth 2mo ago
      Just want to be clear here: you appear to be saying that you support a regime putting people in prison that a regime doesn't like, on made-up charges, with the excuse of "harmed society or the economy" - have I got that right?
      - scotty79 2mo ago
        Reality is the same behind the polite facades both in the East and the West. The problem with the West is that being rich mostly excludes you from being put in prison for being not liked by the powerful. Excuses are also irrelevant. You can put people behind bars on made-up charges in USA as well, if they interfere with powerful enough interests. Just not the rich enough people. China doesn't make that exception. Is that worse or better?
- Lio 2mo ago
  Is that true or is it just people that challenge the power of the current Communist Party leadership that get punished?
  - barbazoo 2mo ago
    There is this recent example https://www.theguardian.com/business/2026/aug/20/evergrande-founder-jailed-life-fraud-hui-ka-yan https://www.theguardian.com/business/2026/aug/20/evergrande-...
    - gruez 2mo ago
      Which seems exactly like the sort of thing an authoritarian regime would do to placate the masses. Make an example of some big boss, but conveniently fail to fix or even acknowledge the issues that led to the crisis in the first place. In the example of the property bubble, it's domestic financial repression making real estate the only option for savings, and local governments being hooked (heh) on land sales to fund their budgets. The whole system was designed to pump up property prices and drive a bubble.
      - deleted 2mo ago
        [deleted]
      - deaux 2mo ago
        That's a cop out. You can do both. Do you really think they haven't tried to fix the issues? There's no reason why they wouldn't. They try to fix the issues and rightly jail the CEO. To act as if he was just an unknowing cog in the system is nonsensical.
        gruez 2mo ago
        >That's a cop out. You can do both. Do you really think they haven't tried to fix the issues? There's no reason why they wouldn't. Except you know, all the incentives for keeping the current system in place. Financial repression still exists. Same with the local government funding model. Also the government's intervention was arguably what led to the crisis, by abruptly disrupting real estate companies' cashflow. The problem needed to be solved, but in typical CCP fashion, rash decisions made the situation worse. Same as with the one child policy. Finally, what makes you think meta "haven't tried to fix the issues"? They're trying very hard with age verification :^)
- gruez 2mo ago
  Yeah, like Jack Ma (of alibaba) who disappeared for months, and got his company's IPO canceled, all because he criticized the government's financial regulations a bit too much? Trump wishes he has as much ability to put people behind bars as Xi. https://en.wikipedia.org/wiki/Jack_Ma#During_tech_crackdown https://en.wikipedia.org/wiki/Jack_Ma#During_tech_crackdown
  - lokar 2mo ago
    While that is bad, so is unregulated crypto, sports betting, prediction markets, gutting of consumer financial protection, etc we are getting now.
  - Spooky23 2mo ago
    Read about Joseph Nacchio sometime.
dgellow 2mo ago
Some do in other countries. Though Trump would pardon them asap, as he has done with all the others
rr808 2mo ago
Luckily we have rule of law here so if you say someone in particular needs to go to prison there needs to be a law that you have proven to break. Just because you dont like someone you can't just lock them up.
- miltonlost 2mo ago
  We have rule of law here? have you seen the non-independent DOJ today? The Supreme court's rubber stamp and bribed justices? Trump's blatant illegalities? (Yes, Clarence Thomas has been bribed. That's what the RV and the trips are.)
  - deaux 2mo ago
    It's funny isn't it, what the word China triggers in people. They'll say that the US is going down the gutter, but then the very next sentence if China is mentioned, it's all "we have rule of law, we're a just, democratic, lawful country, unlike them". There's still far too much pride.
- deaux 2mo ago
  > we have rule of law here You're in the lead for funniest comment of the year award! How's Ghislaine Maxwell doing nowadays? Last I heard, living a very comfy VIP "prison" life. How are her mates? Right, running free. Now let's look at how people jailed for marijuana possession are doing. Everyone commits crimes, yet prosecution is hilariously selective. Everyone knows this. White collar crimes have a prosecution rate of <1%. Three felonies per day. There is absolutely no meaningful rule of law in the US. The absurd degree of selective prosecution is antithetical to this.
TheOtherHobbes 2mo ago
CEOs do go to prison. They go to prison for misleading investors. They don't go to prison for environmental or social harm.

More CEOs need to go to prison.

barbazoo 2mo ago

One thing China does well. Put people that damage their society or economy behind bars.

PeterHolzwarth 2mo ago
In China, "harmed society or the economy" is very very often the excuse used to put political enemies into prison.
- scotty79 2mo ago
  So? It works. Their economy is starting to lap the West one. Maybe cutting a little bit off the top works regardless of who exactly is being cut?
  - SpicyLemonZest 2mo ago
    It sounds appealing when you imagine that nobody you like would ever be cut, but that's not how the Chinese system works. I would guess that at some point in the past you've laughed at memes making fun of political leaders; in China, this is not allowed, because the authorities believe that posting mean things about the system or its leadership damages the trust in government which is required for a healthy society.
    - scotty79 2mo ago
      You won't scare me into compassion for people so different than me that they might as well not be carbon based.
  - PeterHolzwarth 2mo ago
    Just want to be clear here: you appear to be saying that you support a regime putting people in prison that a regime doesn't like, on made-up charges, with the excuse of "harmed society or the economy" - have I got that right?
    - scotty79 2mo ago
      Reality is the same behind the polite facades both in the East and the West. The problem with the West is that being rich mostly excludes you from being put in prison for being not liked by the powerful. Excuses are also irrelevant. You can put people behind bars on made-up charges in USA as well, if they interfere with powerful enough interests. Just not the rich enough people. China doesn't make that exception. Is that worse or better?
Lio 2mo ago
Is that true or is it just people that challenge the power of the current Communist Party leadership that get punished?
- barbazoo 2mo ago
  There is this recent example https://www.theguardian.com/business/2026/aug/20/evergrande-founder-jailed-life-fraud-hui-ka-yan https://www.theguardian.com/business/2026/aug/20/evergrande-...
  - gruez 2mo ago
    Which seems exactly like the sort of thing an authoritarian regime would do to placate the masses. Make an example of some big boss, but conveniently fail to fix or even acknowledge the issues that led to the crisis in the first place. In the example of the property bubble, it's domestic financial repression making real estate the only option for savings, and local governments being hooked (heh) on land sales to fund their budgets. The whole system was designed to pump up property prices and drive a bubble.
    - deleted 2mo ago
      [deleted]
    - deaux 2mo ago
      That's a cop out. You can do both. Do you really think they haven't tried to fix the issues? There's no reason why they wouldn't. They try to fix the issues and rightly jail the CEO. To act as if he was just an unknowing cog in the system is nonsensical.
      - gruez 2mo ago
        >That's a cop out. You can do both. Do you really think they haven't tried to fix the issues? There's no reason why they wouldn't. Except you know, all the incentives for keeping the current system in place. Financial repression still exists. Same with the local government funding model. Also the government's intervention was arguably what led to the crisis, by abruptly disrupting real estate companies' cashflow. The problem needed to be solved, but in typical CCP fashion, rash decisions made the situation worse. Same as with the one child policy. Finally, what makes you think meta "haven't tried to fix the issues"? They're trying very hard with age verification :^)
gruez 2mo ago
Yeah, like Jack Ma (of alibaba) who disappeared for months, and got his company's IPO canceled, all because he criticized the government's financial regulations a bit too much? Trump wishes he has as much ability to put people behind bars as Xi. https://en.wikipedia.org/wiki/Jack_Ma#During_tech_crackdown https://en.wikipedia.org/wiki/Jack_Ma#During_tech_crackdown
- lokar 2mo ago
  While that is bad, so is unregulated crypto, sports betting, prediction markets, gutting of consumer financial protection, etc we are getting now.
- Spooky23 2mo ago
  Read about Joseph Nacchio sometime.

dgellow 2mo ago

Some do in other countries. Though Trump would pardon them asap, as he has done with all the others

rr808 2mo ago

Luckily we have rule of law here so if you say someone in particular needs to go to prison there needs to be a law that you have proven to break. Just because you dont like someone you can't just lock them up.

miltonlost 2mo ago
We have rule of law here? have you seen the non-independent DOJ today? The Supreme court's rubber stamp and bribed justices? Trump's blatant illegalities? (Yes, Clarence Thomas has been bribed. That's what the RV and the trips are.)
- deaux 2mo ago
  It's funny isn't it, what the word China triggers in people. They'll say that the US is going down the gutter, but then the very next sentence if China is mentioned, it's all "we have rule of law, we're a just, democratic, lawful country, unlike them". There's still far too much pride.
deaux 2mo ago
> we have rule of law here You're in the lead for funniest comment of the year award! How's Ghislaine Maxwell doing nowadays? Last I heard, living a very comfy VIP "prison" life. How are her mates? Right, running free. Now let's look at how people jailed for marijuana possession are doing. Everyone commits crimes, yet prosecution is hilariously selective. Everyone knows this. White collar crimes have a prosecution rate of <1%. Three felonies per day. There is absolutely no meaningful rule of law in the US. The absurd degree of selective prosecution is antithetical to this.

TheOtherHobbes 2mo ago

CEOs do go to prison. They go to prison for misleading investors. They don't go to prison for environmental or social harm.