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by JasonL
Today, 14:53
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's

I’m profoundly cynical about a mandate like this and what motivates it. Broadly I think it’s mostly about getting consensus buy in to a form of capitalism that explicitly consists of the largest firms providing regulated levels of employment in exchange for political favors and protection. As oppos...
by JasonL
Today, 13:21
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

I’m profoundly cynical about a mandate like this and what motivates it. Broadly I think it’s mostly about getting consensus buy in to a form of capitalism that explicitly consists of the largest firms providing regulated levels of employment in exchange for political favors and protection. The world...
by JasonL
Today, 11:19
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

Is there any particular evidence those companies are better behaved?
by JasonL
Today, 07:38
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

It occurs to me VW has this structure and ... well ...
by JasonL
Today, 07:26
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

The things that European countries do well could never work here, Shem. When someone praises it as socialist we say that it is actually capitalist, and when somebody asks if we could try their style of capitalism we say that it is actually socialist. This is an effort to literally give the workers ...
by JasonL
Yesterday, 20:33
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

First, that’s a take that ignores what deterrence is. The existence of punishment A is said to deter action B not because of paperwork but because companies do not want to incur the penalty.

That aside, what would satisfy your need here. $64 billion does not, what outcome would satisfy.
by JasonL
Yesterday, 18:50
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

What would success look like? Is it measured only with fully delisted stock symbols? What is the thing we want to see happen? If we are talking about deterrence value of this stuff I can tell you the existing regime has lots of deterrence value. We spend a horrifying amount on regulatory compliance ...
by JasonL
Yesterday, 16:14
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

Mildly related - Medium sent me an article I might like about Capitalist Stockholm Syndrome. It was hilarious in a Jacobin sort of way. Only 10% of Americans own any stock! Why do they defend capitalism?

No it's 50%ish, but thanks for that.
by JasonL
Yesterday, 15:31
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

To my knowledge BP has paid every red cent of penalty and settlement they negotiated with regulators and class action particpants, and it totaled over $60 billion dollars. That's HUUUGGE sum of money.
by JasonL
Yesterday, 15:29
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

arguing that it has to be this way,
Nobody here made that argument. I pointed out that politicians have an interest in seeing it that way and politicians would be running any alternative scheme.
by JasonL
Yesterday, 15:27
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

Broadly, fines do usually get assessed and paid. If you look at biggest fines they are in regulated industries like finance and pharma and in energy companies with environmental risk. We can say the magnitude of fines of the most egregious things should be larger - I have no problem with that discus...
by JasonL
Yesterday, 11:46
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

To switch gears just a bit into workability - there is a public choice set of concerns that tends to make regulators not give death penalties. It’s the same tensions that cause bailouts. Every pol wants to be job creator and being job killer is toxic. There are other features too - take BP. Their De...
by JasonL
19 Aug 2018, 23:00
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

You are acting like there’s not a million pages of finanable and criminal regulations already.
by JasonL
19 Aug 2018, 18:28
Forum: General Chatter
Topic: I just don't get it
Replies: 2871
Views: 91267

Re: I just don't get it

OFFS. You would get what you want - no international actors ever harmed by barbaric US administrations. It is a version of the moral high ground.
by JasonL
19 Aug 2018, 16:00
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

The status quo isnt that the company must survive. It’s that it’s hard to enforce punishment sufficient to kill it entirely. Enron and worldcom are no more. Exxon is still around. The general idea here is find me specific violations of specific rules and prosecuted those. Apply penalties and put cri...
by JasonL
19 Aug 2018, 15:53
Forum: General Chatter
Topic: I just don't get it
Replies: 2871
Views: 91267

Re: I just don't get it

I’m sympathetic in some regard to the big picture aim of the argument but it’s a bad argument being applied to an obviously unworkable case. Your agents don’t have authority to investigate, your courts don’t have jurisdiction, the guy runs an army, there’s no way to get evidence under a regime that ...
by JasonL
19 Aug 2018, 08:23
Forum: General Chatter
Topic: I just don't get it
Replies: 2871
Views: 91267

Re: I just don't get it

For starters yes.
by JasonL
18 Aug 2018, 22:06
Forum: General Chatter
Topic: I just don't get it
Replies: 2871
Views: 91267

Re: I just don't get it

Team I Celebrated Ventilation because yes fuck that guy. The lengths you have to go to ignore actual monstrous behavior when you write that description ... your view of moral high ground is questionable. The constitution is a little fuzzy on how monstrous someone has to be before he forfeits his da...
by JasonL
18 Aug 2018, 21:04
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

There’s a lot of giving unwarranted grace to political actors. It’s not kinda almost a good idea if we can figure it out it’s a bad idea in its bones. Business existence at the whim of regulators is bad bad bad. Write a law call it a crime to violate it prosecute individuals. Improve sanction regime...
by JasonL
18 Aug 2018, 07:53
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

Prove a crime point to a criminal and punish that party. Find a civil liability, sue, get punitive if you can make that case. This is designed for cases where you can’t do either of those things and you want crazy lady empowered to grandstand with existential authority.
by JasonL
18 Aug 2018, 07:50
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

Corporate existence at the whim of government is a full on retarded and destructive policy. The idea of public stakeholders is childish. I exist ergo I have a stake sufficient I get to revoke your existence. Go fuck yourself lady.
by JasonL
18 Aug 2018, 07:45
Forum: General Chatter
Topic: I just don't get it
Replies: 2871
Views: 91267

Re: I just don't get it

Team I Celebrated Ventilation because yes fuck that guy. The lengths you have to go to ignore actual monstrous behavior when you write that description ... your view of moral high ground is questionable.
by JasonL
17 Aug 2018, 11:09
Forum: General Chatter
Topic: Elizabeth Warren's "Accountable Capitalism Act"
Replies: 114
Views: 1387

Re: Elizabeth Warren's "Accountable Capitalism Act"

She's fking awful. As if the tax code and existing regulatory bodies don't create enough levers for politicians to extract favors and concessions. The very idea that "new regulatory body with kingmaker powers" in any way relates to "accountability" is a joke. I'm sure those guys will be totally acco...
by JasonL
15 Aug 2018, 15:05
Forum: General Chatter
Topic: Inequality
Replies: 1332
Views: 43837

Re: Inequality

Is that a movement?
by JasonL
15 Aug 2018, 15:03
Forum: General Chatter
Topic: 400 ppm
Replies: 272
Views: 7841

Re: 400 ppm

Question - should we have "fixed" the farming problem even if we agree that early people were worse off food and nutrition wise all in (I don't accept this but for the sake of argument lets assume). That is, the cost to civilization to abandoning these things is enormous in the absence of an energy/...