>EDIT: A better link on the idea of the "corporate death penalty" (actually quite a good read in itself) [2]
Okay, but isn't "corporate death penalty" equivalent to a fine that exceeds the value of the company? If we're having trouble fining companies for even 1% of their market value, then demanding a 100% fine seems a bit premature. The whole situation feel like people wanting to reduce wealth inequality by demanding a communist revolution, rather than something more reasonable like higher tax brackets.
I don't necessarily agree with the "corporate death penalty" (for the
same reasons I don't sanction individual death penalty - that
organisations like individuals are not necessarily coherent and
unified systems with clear intent and culpability) It's potentially a
vast destruction of wealth unrelated to the crime.
BUT: It's a good example of radical action that's needed right
now, so that's why I put it out there. The one thing that I
vehemently disagree with you about is that it's in any way
"premature". We are in the last seconds before midnight, and we ought
to have the will put anything remotely effective on the table,
before the crazies do, because they will soon have the will, the
means, and the moral justification to go way beyond mere "corporate
death penalties".
Okay, but isn't "corporate death penalty" equivalent to a fine that exceeds the value of the company? If we're having trouble fining companies for even 1% of their market value, then demanding a 100% fine seems a bit premature. The whole situation feel like people wanting to reduce wealth inequality by demanding a communist revolution, rather than something more reasonable like higher tax brackets.