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originally posted by: lordcomac
Honestly, I'm all for 'burning it down'- in the sense of torches and pitchforks, taking down the banks and goobers alike...
but only because it would only take a couple of weeks to roll back the clock on government operation by a hundred years if we did it that way.
I said you are defeatist because someone presented you with an actual solution, and instead of trying to contribute to it you shut it down with an absurdly uncritical reply.
I don't "believe in the system" whatever the hell that's supposed to mean
a system of governance will be required for them to adequately partake in all the great things their society can afford.
If you reply with some sort of anarchist bullcrap then I know you are the ignorant one and just need another 10-20 years to get a clue.
originally posted by: bobs_uruncle
Ia reply to: pl3bscheese
Much like speculation in the stock market was punishable by life in prison or death. On limited liability corps, it's financial limited liability, criminal liability is not covered. It's just a case of proving criminal activity.
Cheers - Dave
originally posted by: Astyanax
The title is from this linked article.
In it, the government’s lead prosecutor in the Enron scandal explains why convicting white-collar criminals isn’t as straightforward as most people think it should be.
A lot of ATS members (and others) think bankers should be in gaol. This should open their eyes to the difficulty of putting them there.
Here’s a teaser:
The difficulties that government prosecutors face in cobbling together fraud cases against even the most nefarious executives illuminates the fact that, legally, corporations are big, fancy responsibility-diffusion mechanisms. It’s what they were designed to do: Let a bunch of people get together, take some strategic risks they might otherwise not take, and then make sure none of them is devastated individually if things go south.
Or, as it’s more commonly described, ‘limited liability’.
Enjoy the reality.