Earlier quoted context omitted.
This kind of self regulation can probably work and be cost effective if you ruthlessly destroy any company found in violation rather than some fine and an apology. Reminds me of criminal punishment in medieval times. Incarceration was a complete economic non-start so the penalties were brutal as a deterrent.
Unless you scale fines with income/wealth, fines are just a way of letting the rich do what they please. On the off chance they're caught - and don't get let off the hook because of how 'respectable' they are - it's so little money to them, it's not a discouragement at all. A fine for dangerous driving that is crushing to a day laborer is unnoticeable to someone wealthy. And whereas that laborer, to challenge a ticke…
3M knew its chemicals were harmful decades ago, but didn't tell the public
101–110 of 245 posts
Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#102Earlier quoted context omitted.
Death sentence is probably a bit much, but if management takes actions that they know will kill or maim I don't see a reason why punishment shouldn't be the same as if you went out and hit someone with a hammer. In this case, force 3M to pay for everything, if they refuse or can't the government sells of the company to pay for the cost. I'm not a fan of the death sentence, but I have no problem killing of evil compan…
I have to disagree if someone knowingly poisoned my baby then if death penalty isn’t imposed I’m going to attempt to get revenge myself. The death penalty was probably effective at calming the entire country from rage.
Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#103Earlier quoted context omitted.
Eddie Izzard has a great skit about mass murderers that I think of when this topic is discussed. We as a society know (or rather, have ideas on) how to handle people who kill 1-20 people just fine, but above that (hundreds of thousands or millions of people), we’re at a loss. “Well done, you must get up very early in the morning.” Feels very similar to these cases where people in positions of power cause enormous agg…
There is a saying in my country: if you steal a phone - you go to jail. If you steal a factory or powerplant - you go to the parliament.
Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#104Earlier quoted context omitted.
At least six babies were killed; that's mass murder. It was done in cold blood, planned out ahead of time. The death penalty was the only fitting sentence.
The death penalty is never a fitting sentence. Prosecutors and judges can make mistakes. Executing someone is something you can never undo.
Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#105Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#106I increasingly think we need personal criminal liability for everyone in the management chain before this will end. As long as you can cash out your options before the reckoning, maybe even spin a division out to go bankrupt, there are just too many people who’ll chase the larger number. You need the guy who gets that internal memo to think that if he doesn’t report it to the EPA, he’ll spend the rest of his life won…
Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#107This is what happens when the EPA's rules state chemical companies, can more or less, police themselves. We've detected PFOAs in rainwater/clouds, in the artic, etc (See https://pubs.acs.org/doi/10.1021/acs.est.2c02765 ) They are going to lead to further health problems down the road.
This is a huge problem across the board; industry and congress have been steadily stripping federal agencies of staff/budget, authority, etc. Congress long figured out how to kill off regulation that is publicly popular: strangle the agency budget-wise, not appoint new department leaders, etc. Adding ever-increasing paperwork is also popular. OSHA has the lowest number of inspectors in ~45 years. The agency is about…
More is not always better.
Worker deaths in America are down—on average, from about 38 worker deaths a day in 1970 to 13 a day in 2020.
Worker injuries and illnesses are down—from 10.9 incidents per 100 workers in 1972 to 2.7 per 100 in 2020.
Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#108Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#109Earlier quoted context omitted.
I read once about a corporate death penalty that I think should really be made into law: where a corporate entity commits something so heinous that a fine or what have you is simply not enough. I cannot find the link but the process would go about such as: - The entire entity would be taken on ownership by the government agency at play. No existing stakeholders would be paid anything for this and operations would con…
Sounds like a gift to short sellers.
Re: 3M knew its chemicals were harmful decades ago, but didn't tell the public
#110Earlier quoted context omitted.
Yeah, I’m generally opposed to the death penalty on the grounds of not being able to undo mistakes but if we’re going to have it on the books, I’d have a hard time saying that shouldn’t be an option. We’ve charged plenty of people for killing a single person, and the numbers for food safety can be a lot more than that.
The death penalty only makes sense for white collar crime, and it makes a lot of sense in this setting. Theres very little you can do to disincentivize people from engaging in crimes of irrationality or desperation, but I think if you threaten someone who is well off already with death for stealing, or failing to report accurately to the EPA/FDA etc. The number of cases will rapidly go to zero.