- 11 hours
if (moneyMadeThroughCrime > (fine + bribeToOrangeMan)) doCrime() else doCrime(sneaky) TheFeatureCreature@lemmy.caEnglish
21 hoursRules stop mattering when companies have the wealth of multiple entire nations combined.
Wildmimic@anarchist.nexusEnglish
13 hoursWhich means the fines must equal the wealth of at least one nation to matter. I’m all for that.
- joekar1990@lemmy.worldEnglish21 hours
And any fines are essentially pennies that just get factored into the cost of doing business.
- Mangoholic@lemmy.mlEnglish20 hours
Yes fines should be a percentage for exp 5-20% of company valuation.
- 12 hours
They should be however much the company made by breaking the rules, with a hefty addition included, inversely multiplied by the chance that the company was going to get caught.
For a company, deciding whether or not to break the law is a purely mathematical equation. If you can make $1M a day by breaking the law, there’s only a 1% chance per day that you’ll get caught, and the fine is only $5M? That’s a no brainer. To the company, they see a project with $1M income per day, a 99% success rate, and a $5M failure cost. All you need to do is go undetected for five days, and you’ve already made your money on the “investment”. Everything after that is pure profit.
So the fines should be adjusted to fit that model. Using those same numbers, the fine would be the $1M per day that the scheme was going (meaning any profit made is now completely forfeit), plus the $5M, multiplied by 99 because they only had a 1% chance of getting caught.
For a scheme that ran for 100 days before getting caught, (meaning they made $100M in profit) that fine would be a grand total of $10.395B… Not million. Billion. Because in order to deter companies from breaking the law, the punishment needs to account for the fact that the company is going to do the math on whether or not they’ll get caught, and what the fine is going to be. And when the company runs the numbers and decides that they have a 1% chance of getting caught, that should be a fucking terrifying number instead of just a slap on the wrist.
- Hacksaw@lemmy.caEnglish11 hours
I love the idea. The math works out a bit different though. After 100 days it’s a 63% chance of getting caught so the fine would be 100/0.63= 159 million plus the additional fee. After 1 day the fine would be 1 million /0.01= 100 million plus the additional fee.
I love the actuarial precision of the fine so that all the probability of profit is priced in. Calculating that probability will be complex though because they could argue there is a 100% chance of getting caught after you caught them lol.
- 19 hours
I say we start arresting board members until thing stop sucking. Death penalty on the table.
- 18 hours
The death penalty’s only ethical application is when the subject is uncontainable by other means. The rich are proving that’s exactly the type of criminals they are, and when they do get close to getting caught the one guy who’s testimony could bury them mysteriously dies by ‘suicide’ at exactly the moment the cameras malfunction. I can’t think of a cabal of crooks more deserving of the death penalty.
- Babalugats@feddit.ukEnglish20 hours
Despite the general and indiscriminate scanning of people’s messages not being legal in the EU
Google, Meta, Microsoft, and Snap have already signaled in a joint statement to “continue to take voluntary action on our relevant Interpersonal Communication Services.” Whether this indicates continued scanning of our private communication is not entirely clear, but what is clear is that such activity would now risk breaching EU law. Then again, lack of compliance with EU data protection and privacy rules is nothing new for big tech in Europe.
It is utterly insane that any company thinks that they can ignore laws from at least two different continents and not only think they will get away with it, but are getting away with it, and doing it so blatantly, impetuously and with impunity.
- atrielienz@lemmy.worldEnglish14 hours
They don’t think. They know. They have carefully weighed the likeliness of repercussions vs to the profit to be made from doing it anyway. They have also weighed how likely it is they will face legal action and what the legal action will cost them. They have also also stacked the deck against the common user and any legislators that might want to hold them accountable through lobbying and other forms of coercion or bribery.
This is a well calculated “risk” vs reward for them.
Wildmimic@anarchist.nexusEnglish
13 hoursI think they will get their noses bloodied sooner or later, and well deserved too
borari@lemmy.dbzer0.comEnglish
18 hoursWait, hasn’t the EU also been pushing for mandatory scanning of people’s messages FoR tHe cHiLdrEn?
Or were they just pushing for a backdoor in the encryption to enable selective scanning at a massive scale?
- Babalugats@feddit.ukEnglish16 hours
That’s what the article linked is about. it was rejected, but Google, meta, snap etc… said that they’re going to scan anyway.
- ParlimentOfDoom@piefed.zipEnglish20 hours
March into their campuses and start arresting executives and deleting servers at random until they comply.
- matlag@sh.itjust.worksEnglish11 hours
You don’t need to go that far. Arrest and jail the CEO, and tell the execs you’ll come back for them in 3 days.
I absolutely guarantee you the bad practice stops within 24 hours (or some smartass may try to hide it better, might warrant a few years in jail with the commoners, of course).
borari@lemmy.dbzer0.comEnglish
18 hoursThis has the same energy as some medieval shit, a Protestant king ordering his army into a catholic monastery and burning all the books type shit. I’m here for it.
- 13 hours
Had me in the first half, not gonna lie
Also, Vive la France






