this post was submitted on 29 Jan 2025
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Late Stage Capitalism
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I mean, we could get rid of corporations and then there'd be no pseudo human to hide behind. Well, that's by design.
Yeah, but then no one would risk starting any business. You would be a fool to start a corporation knowing that you, personally, were responsible for every tiny thing that might happen.
Don't throw the baby out with the bathwater. What we need is a corporate death penalty. Serious "devil in the details" there, but at some point the law has to say, "You done fucked up, too far, we're taking you apart at the seams with a chainsaw."
No, you don't get bought out like Equifax does every time they fuck up. You get disassembled into atoms. Investors, stock holders, etc., get their pennies on the dollar, if any are left.
Speaking of laws, we need penalties that scale. As is, most penalties amount to "the cost of doing business". FFS, they're operating like retail looks at minor theft.
Plenty of people run sole proprietorships. The concept of the corporation is one of the worst things humans have produced.
Make the board and executives agents of the company and personally responsible for the corporate entity. Make penalties scale as a percent of income. Or, save humanity and cut of the arm.
Sole proprietorships don't make the unit you typed that on.
And yes, scale penalties to gross. Not profit, because they'll find ways to hide that shit. Example: Hollywood should be totally broke by now.