One solution to this problem is to require all companies hold "bankruptcy fine insurance". The insurance policy would pay government fines or court liabilities that the company was unable to pay.

Then, the insurance company would price the insurance policy based on the practices of the company, and could price the insurance very high for companies who refused to abide by stricter accounting standards and maintain money reserves to handle such future issues.

Really, the solution to corporate mischief is not more and bigger corporations.

An interesting idea, and maybe a good one.

One side effect? Societal harm by tech companies these days, far outweighs the opid crisis.

So, will insurance end up affecting us too? And Google, Facebook can pay. But what about the little startup, trying to grow, 2 guys in a garage, but now they need insurance?

I suppose it could only be a requirement once at $x size...

I am having trouble seeing US tech companies more harm than 500,000 dead people and significantly more devastated lives in the US alone. Perdue isn’t responsible for 100% of those deaths but it’s still quite significant for just one company.

"One side effect? Societal harm by tech companies these days, far outweighs the opioid crisis."

No.

Really?

Civil war caused by Facebook policies, death of dissidents due to cooperation with fascist states, COVID deaths due to anti-vaxxers / lies, all of the above, and more, enabled by tech platforms purposefully fanning the flames, for profit.

It's called piercing the corporate veil.

Seems like it could be fraudulent conveyance [0], but generally conviction only results in civil penalties.

[0]: https://www.investopedia.com/terms/f/fraudulentconveyance.as...