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It's not a crime if we do it with an app

pluralistic.net

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Re: It's not a crime if we do it with an app

#331

Post by [deleted] »

gruez wrote: post #230
bdangubic wrote: post #227

Earlier quoted context omitted.

Contrast that to how individuals get the hammer put down on them by the justice system if they so much as fart in the wrong room. The thing is though - in America people are corporations except of course no one will teach you that. Open an single-person LLC and boom - you are now corporation. Have a rental, move it under LLC, own a car, LLC… now you are corporation (with limited to no liability) :)

You have to be very careful with this, especially as a single person corporation. https://en.wikipedia.org/wiki/Piercing_the_corporate_veil Moreover most of the difficulty in prosecuting corporate crimes comes from the fact that responsibility is spread across multiple people, that it's hard to prove anyone did anything wrong. Obviously that won't work with a single person corporation.

[deleted]

Re: It's not a crime if we do it with an app

#332

Post by flawn »

gruez wrote: post #272
bongodongobob wrote: post #220

Earlier quoted context omitted.

That's like saying "you can tell this is an Aspen by the way it is". The idea is that we should have control over those laws dude. We didn't just spawn in a video game and are forced to deal with it. "Cause that's what Dad says" isn't how it's supposed to be.

>The idea is that we should have control over those laws dude Okay, what should we do to tackle long firm fraud?

Make the leadership (partly) liable again and create incentives against such happenings.

Re: It's not a crime if we do it with an app

#333

Post by Nasrudith »

eesmith wrote: post #90
miohtama wrote: post #62

Earlier quoted context omitted.

Corporations are owned by people. Profit is distributed back to the society thru dividends. The largest shareholder category is pension funds, not billionaires. So effectively boomers are robbing younger generations.

I hate that ever since I was a teen in the 80's I've been encouraged by government policy to put my retirement into pension funds which invest in the stock market, thus justifying all manner of immoral and unethical business practices in the name of protecting pensioner savings. I am complicit in a rigged system with no escape.

You would have been dependant upon the market either way. Even if it was a public pension model via taxation guess where the funds would come from? The market. All matters of trade-offs would affect the viability.

Re: It's not a crime if we do it with an app

#334

Post by johnrob »

Interesting that if people took their health more seriously, the food companies mentioned here would struggle to survive regardless of pricing power. Total addressable market would plummet. I suppose one way to accept the status quo is that these companies are self levying a vice tax.

Re: It's not a crime if we do it with an app

#335

Post by flawn »

ryandrake wrote: post #17

More like "It's not a crime if a corporation does it." The US treats corporations with kid gloves. They get away with so much, and in those rare cases where a regulatory body does anything , it's often just a strongly worded letter, a warning, a threat to one day send a strongly worded letter, or, in really rare, extreme cases, a company official gets called in to say a few words in front of Congress. Nobody goes to…

Make company leadership (partly) liable again and create incentives against such happenings.

Re: It's not a crime if we do it with an app

#336

Post by datavirtue »

pwg wrote: post #213
notTooFarGone wrote: post #189

Earlier quoted context omitted.

"Shareholder" are not people who own a stock in robin hood. It's large players with board positions who reap the benefits and turn a blind eye to blatant corruption.

> "Shareholder" are not people who own a stock in robin hood. If you own even a fraction of a share of a business (say IBM), you are, by definition, a "shareholder" in that business. It does not matter if it is via the RobinHood app., or a JP Morgan Chase Premier Brokerage Account.

Yeah, this place is starting to sound like reddit. Unhinged SJW everywhere.

Re: It's not a crime if we do it with an app

#337

Post by mandmandam »

JumpCrisscross wrote: post #262
hermannj314 wrote: post #32

This is the way our world works. If you steal a potato, you will be arrested immediately and the case will be resolved in a few weeks or months. If you illegally fix the price of potatoes and steal billions from the market, you will be allowed to operate for years in the open while a lengthy civil procedure eventually may ask you to give 1 or 2% of what you stole back in fines. Don't blame the potato theives or potat…

> If you steal a potato, you will be arrested immediately and the case will be resolved in a few weeks or months Have you been to San Francisco? We don't prosecute petty crime in America. If you want a proper example, compare it to wage theft (including by small businesses).

> We don't prosecute petty crime in America.

Yes we do; at rates that horrify the rest of the world. It's very expensive. You can find a lot of detail here: [0].

> Most people in the U.S. criminal legal system are not accused of serious crimes; more often, they are charged with misdemeanors or non-criminal violations. Yet even low-level offenses, like technical violations of probation and parole, can lead to incarceration and other serious consequences. Rather than investing in community-driven safety initiatives, cities and counties are still pouring vast amounts of public resources into the processing and punishment of these minor offenses.

0 - https://www.prisonpolicy.org/reports/pie2024.html

Re: It's not a crime if we do it with an app

#338

Post by threatofrain »

layer8 wrote: post #112
__MatrixMan__ wrote: post #77

Earlier quoted context omitted.

We need to start seizing IP into the public domain and sending shareholders to jail when their companies misbehave. I'm on the hook if my dog bites somebody, it should be no different if the role of my dog is played by a company. Monetary risk is not a real enough risk.

While I’m sympathetic to the sentiment, I don’t see how “sending shareholders to jail” could possibly work, given how many people own shares. It’s like your dog would be collectively owned by a million people. Maybe you mean the board?

But the board is just an elected representative of the shareholders. They don't necessarily own anything and they don't have day-to-day insights over the company, which is where the details of crimes lurk. They might not even have any direct financial interest in the company, and instead they're employed by an institution to represent their interests.

Re: It's not a crime if we do it with an app

#339

Post by kevin_thibedeau »

steveBK123 wrote: post #293
kevin_thibedeau wrote: post #273

Earlier quoted context omitted.

DoJ Put hundreds of J6 fools behind bars because they aren't monied and influential enough to drag out the process. Meanwhile, Georgia has a mountain of criminal evidence from four years ago and they haven't gotten anywhere but for a few guilty pleas from the low level stooges.

I had a similar view during the GFC. Clearly crimes were committed, and clearly layers and layers of management were in on the joke, but only the few little fish at the bottom who were dumb enough to ever put things into writing with a paper trail went to jail. A lot of the alleged rogue traders were far less rogue than their employers would like you to believe, similar with the LIBOR fixing scandal, etc. J6 is very…

> The guy at the top never actually says the thing,

Georgia literally has a recording of a criminal threatening to retaliate against a public official if they don't rig the election.

Re: It's not a crime if we do it with an app

#340

Post by datavirtue »

RobotToaster wrote: post #216
hermannj314 wrote: post #32

This is the way our world works. If you steal a potato, you will be arrested immediately and the case will be resolved in a few weeks or months. If you illegally fix the price of potatoes and steal billions from the market, you will be allowed to operate for years in the open while a lengthy civil procedure eventually may ask you to give 1 or 2% of what you stole back in fines. Don't blame the potato theives or potat…

They hang the man and flog the woman That steal the goose from off the common, But let the greater villain loose That steals the common from the goose. The law demands that we atone When we take things we do not own But leaves the lords and ladies fine Who take things that are yours and mine. The poor and wretched don’t escape If they conspire the law to break; This must be so but they endure Those who conspire to ma…

So the silly Haitian goose drama in Ohio was really a message to all the plebs?

Meanwhile, citizens are being stopped and harassed for their papers because they don't look right.

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