Collectively, in the US at least, decisions collectively made by boards have led to greatly increased inequality.

For example, at every AI company right now, an explicit goal it to make profit by replacing or reducing the need for human staff. There tends to be extremely little attention paid to the social ramifications of this: like every SV business before them, the goal is to "disrupt" and leave the consequences for everyone else to deal with.

So yes, collectively, what has led to the current situation is indeed "millions of cases of bad behavior", each one of them often relatively localized, but collectively leading to damaging results.

The proposed oversight of board members and CEOs could be a great way to bring these issues into public discussion, to provide much-needed pushback that we don't get if boards have no oversight other than that provided by investment markets.

>For example, at every AI company right now, an explicit goal it to make profit by replacing or reducing the need for human staff.

Almost everyone has an explicit goal of spending less money for equivalent goods and services. People prefer to stores that prioritize lowering prices over paying for more staff.