Remix.run Logo
rsyring 5 days ago

IMO: make all the laws you want. They generally won't be enforced and, if they are, it will take 5-10 years to make it's way through the courts. At best, the fines will be huge and yet account for maybe 10% of the revenue generated by violating the law.

The incentives are all wrong.

I'm fundamentally a capitalist because I don't know another system that will work better. But, there really is just too much concentrated wealth in these orgs.

Our legal and cultural constructs are not designed in a way that such disparity can be put in check. The populace responds by wanting ever more powerful leaders to "make things right" and you get someone like Trump at best and it goes downhill from there.

Make the laws, it will help, a little, maybe.

But I think something more profound needs to happen for these things to be truly fixed. I, admittedly, have no idea what that is.

martin-t 5 days ago | parent | next [-]

The law really should be "if you cause harm to others you will receive 2x greater harm done to you". And "if you profit from harming others, you will compensate them by 2x of what you gained".

Instead of the current maze of case specific laws.

---

> But I think something more profound needs to happen for these things to be truly fixed. I, admittedly, have no idea what that is.

You know, you're just unwilling to think it because you've been conditioned not to. It's what always happens when inequality (of income, power, etc.) gets too high.

ddq 5 days ago | parent [-]

Yes, only 3x rather than 2x. https://en.wikipedia.org/wiki/Treble_damages

martin-t 5 days ago | parent [-]

Y'know, I used to say 1.5-2x, now I lean towards 2x but 3x is actually fine by me too. And for any kind of financial crimes, this should also be divided by the probability of getting caught and convicted.

rightbyte 5 days ago | parent | prev [-]

> I'm fundamentally a capitalist

Being a capitalist is decided by access to capital not really a belief system.

> But, there really is just too much concentrated wealth in these orgs.

Please make up your mind? Should capital self-accumulate and grant power or not?

Portraying capitalism as some sort of force of nature that one doesn't "know another system that will work better" might be the neoliberals biggest accomplishment.