Re:Two senators say a $5B fine isn’t enough to punish Facebook
by tptacek on Tuesday May 07, 2019 @07:40PM
(#19854508)
TBTF has nothing to do with this. What's being proposed is basically the exact opposite of TBTF --- that Facebook is too big not to fine unusually.
If you believe there should be a notion of SITCs --- Systemically Important Tech Companies --- lobby to pass that law in such a way that it survives judicial review. But it can't simply be up to the FTC to make that rule up.
Re:Two senators say a $5B fine isn’t enough to punish Facebook
by int_19h on Wednesday May 08, 2019 @11:20PM
(#19865083)
> With criminal sentencing, the first goal is to isolate that person from society as a punishment with reform being a second consideration
A lot of people would argue that this is the root of most problems in our justice system.
Yes, some companies should be crippled. With criminal sentencing, the first goal is to isolate that person from society as a punishment with reform being a second consideration. With criminals, judges or magistrates would level higher-end sentences as an example and you won't hear many people arguing against a criminal's 15 year sentence by saying it would cripple their economic output.
Society owes nothing to corporations and this "too big to fail" mentality creates a system where corporations are above ethics.
Seeing Facebook fined into to a point where they are seriously crippled as a company will make a lot of other companies change their tune, internationally, for the better.