If the expected value of breaking the law is positive, a competitive marketplace selects for psychopaths.
Dangerous.
Dangerous.
https://twitter.com/dhh/status/1485908516669906946
We don’t just need fines that are more than fees. We also need them to enforce them early.
Because an early fine is small enough to change the behavior of a business without ruining it. Conversely, waiting becomes a lose-lose problem, where to punish a business we destroy it.
Because an early fine is small enough to change the behavior of a business without ruining it. Conversely, waiting becomes a lose-lose problem, where to punish a business we destroy it.
A marketplace that selects for psychopaths is not just dangerous.
It’s also a waste, because it doesn’t select for more honest and responsible businesses.
And puts pressure to their managers to select psychopaths, bringing the same pressure to deeper levels. Lose-lose.
It’s also a waste, because it doesn’t select for more honest and responsible businesses.
And puts pressure to their managers to select psychopaths, bringing the same pressure to deeper levels. Lose-lose.
Sme fines slow down dirty players compared to their competitors but others make them faster (e.g. if regulatory compliance is more burdensome than just paying the fee).
Terrible, because it selects dirty players, which come with all sorts of negative externalities.
Terrible, because it selects dirty players, which come with all sorts of negative externalities.
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