Raising a society - it would seem to me - is not unlike raising children. Society tends, if left to itself to be immature, often unpleasant, inclined to do things because somebody thought it would be fun - which it usually isn't for the victims. As you might have guessed I am not one of those who holds to the concept of innocent savage or noble
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I was being a bit sarcastic but the more I think about it the better the idea seems.
You see the problem is these scum generally seem to weasel their way out of major repercussions for their actions. I mean yes the bank might lose its credit rating but the Bank CEO will be sitting pretty on his guaranteed pension pot come what may. And if for some reason one pension pot dries up then one of his buddies appoints him to the board of some other company or 10 and he collects some money that way.
About the only thing they can't get around is death. Hence if you shoot a few of the more egregious ones it may (as the Bananaslug says below) encourage the rest. Maybe it wouldn't work for businessmen but I bet it would work for the politicians who shelter them and provide them with opportunities for rent-seeking.
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There are some very successful investment vehicles for "socially responsible companies" and the big Euro companies are being forced to become much more socially responsible as the economic calculus becomes widened to include social responsibility as a cost/benefit.
Although, if they made me King of the World I wouldn't do ostracism. Some decimation "pour encourager les oultres" might be in order. I've noticed terrific quality control improvements in China since they shot a few business executives for putting melamine in milk and other badnesses.
Walt
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I'm all for campaigning for that level of social responsibility, and I'm not unhappy with Obama when he did just that with the CEOs of Merrill-Lynch and General Motors.
And I agree with you about inherited wealth...although Andrea is upset that I've left my book collection to Bananaslug U. (Univ. of Calif. at Santa Cruz where the Heinlein Papers are...my library is going to be an addition to RAH's)
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Companies that make their dime by *causing* misfortune, on the other hand, I have absolutely no sympathy for. False advertising. Charging unanticipated extra fees of the "because we can" variety once a customer is locked in. Short-sighted, zero-sum behavior - making a nickel this quarter at the cost of a dollar over the long run.
Incidentally, how would you define 'corporate wealth'? A large corporation *is* going to have a lot of assets, yes; tools for getting things done. Office space, corporate vehicles, furniture, racks of tools and servers.
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The overall economy isn't simple enough for this. Even if today you slap down an honestly corrupt "Hap jou maatjies" business, tomorrow somebody with a grudge against you will claim you're "Hap jou maatjies". And most of us won't have time to investigate - we'll just believe either them or you.
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My problem with the credit cardholders bill of rights thing in Congress right now isn't so much government intervention in the field, but that companies in the industry have behaved so badly as to make that kind of regulation *necessary.* Now it's going to be encumbering good companies (who may have from time to time done things that cross one of the bill's lines, weighted by some big benefit in another direction) as well as bad ones.
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My problem is that "hap jou maatjies" isn't well defined. It's a spectrum, which means a slippery slope. That scares me.
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I'm with you there. It's time to pull down some robber barons.
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