What? We solved this problem a long time ago. Corporations are beneficial because they provide liability protection to the employees. That's it.
In the case of fraud, we decided the corporate veil should be lifted.
So all you have to do is go through each individual in the corporation, see what laws they broke, and go after them. It's very straightforward.
The problems occur when the corporations received ungodly amounts of money from the government, when a government "appoints" individuals to positions within the corporation, and when there's quite a bit of collusion between the corporate entity and the government.
At that point, the government has very little incentive to prosecute and the corporate entity has even more incentive to commit fraud.
Anyway, you say something like "go through each individual in the corporation, see what laws they broke, and go after them" as though it's easy. In practice prosecutors have a hard time doing this even when they want to for the reasons I just said. Some of the Enron guys were acquitted by a jury, for example.
Yes, which should lead one to question whether or not a State created legal fiction like a "corporation" should exist to protect individuals from responsibility for their actions.
Anyway, I also find your profanity-laden vitrol unbecoming of discussion on this site.
That's too bad, but I'm not changing the way I go about things. If pg were to post and say "profanity is no longer allowed here," then I'd have a decision to make, but otherwise, I choose my words to suit the situation at hand and to suit my personality.
Anyway, I also find your profanity-laden vitrol unbecoming of discussion on this site.
EDIT: I guess it's now considered a sin to state an easily-verifiable truth and ask for polite discourse.