this post was submitted on 19 Sep 2024
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Privacy
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This is one effect of a general lack of real consequences for corporations and those that run them.
The company has already determined their likely fine after being caught doing something egregious. The profit from being early to market is significant, and so long as it is considerably higher than the likely fine, they go for it. The expected real earnings are the difference between the profit and the fine. It's all made worse since so often the fine is absolutely nothing compared to the profit, since the numbers these companies are dealing with are so damn big.
This is why you won't see real change until we stop slapping corporations with fines and start slapping executives with jail time. That is literally the only way to break the cycle.
Can't be said enough.