That’s because fines are hilarious. I propose a ‘jail time’ for companies engaging in wrongdoing. Basically a timeframe for which they can’t operate. For small things they should stop operating for a day/few days/week/months/years with or without a chance for ‘parole’ after a period. Scale up based on the crime. For egregious crimes, it should be ‘life’ without a chance of parole. This would get companies to behave so fast you’ll get whiplash.
Thing is, anything that punishes the company will mostly affect its employees and customers.
What’s needed is to go after the board members, CEOs, major investors. Avoid the scapegoats. I’m not sure how exactly, but someone is making those decisions.
That’s because fines are hilarious. I propose a ‘jail time’ for companies engaging in wrongdoing. Basically a timeframe for which they can’t operate. For small things they should stop operating for a day/few days/week/months/years with or without a chance for ‘parole’ after a period. Scale up based on the crime. For egregious crimes, it should be ‘life’ without a chance of parole. This would get companies to behave so fast you’ll get whiplash.
Thing is, anything that punishes the company will mostly affect its employees and customers.
What’s needed is to go after the board members, CEOs, major investors. Avoid the scapegoats. I’m not sure how exactly, but someone is making those decisions.