We need a corporate death penalty. If corporations are people, we should be be able to charge them like people. Well-Fargo scammed over a hundred million dollars from their customers. I see no reason why they can’t be in a corporate jail, where damaged parties are paid out first, then the customers, then the employees, then the executives, and if there is anything left, let the investors have it.
Same for Equifax, they lost literally everyone’s personal data after collecting and selling it without their consent. If I did something like that, I would get multiple life sentences. The company and its assets should be liquidated, and the money generated should be used to setup a Identify Theft taskforce proactively checks for identity theft on affected individuals and pays out 100% if they are damaged by Equifax’s actions.
FrankLaskey@lemmy.ml 4 days ago
The problem is that wealth = power and influence in society and this has led to essentially all modern neoliberal ‘democracies’ having their governments captured and controlled by the wealthy elite. So the only way you would be able to implement something like this would be via a revolution replacing capitalism with some form of socialism that would make private wealth a thing of the past and provide a decent standard of living for all.
Onyxonblack@lemmy.zip 4 days ago
And if that in itself wasn’t hard enough, the other evil empires of the world would never allow this to happen anywhere. No gaining traction permitted. It will take the complete collapse or civilization world-wide, and even then we would just return to medieval fuedalism and Gun Diplomacy.
SubArcticTundra@lemmy.ml 4 days ago
Imho a hard cap on personal wealth would be sufficient.
FrankLaskey@lemmy.ml 3 days ago
I used to think this would be sufficient as well but as you’ve probably noticed it’s damned near impossible to get our “democratic” governments to even consider something like this since they have been so thoroughly captured by the wealthy elite. You don’t have to call it revolution or socialism if those are scary words or just don’t seem possible but somehow we have to overcome that reality and I don’t see how it can be done without dispossessing these elites of their power so we can dispossess them of their wealth.
SubArcticTundra@lemmy.ml 3 days ago
I feel like perhaps a slightly easier first step would be to push for a cap that is higher than anybody’s wealth (say £10B) — so that the debate is initially only about the principle — and only then demand it be lowered. 1) salami slicing works, and 2) even just the fact of there being one (albeit unreachable) would imo do a lot psychologically.
Manifish_Destiny@lemmy.world 3 days ago
A few dozen more Luigis would also make it easier.
umbrella@lemmy.ml 2 days ago
luigis are all nice but they only treat the symptom. the system can produce replacements faster than we can individually remove them.