this post was submitted on 23 Dec 2024
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Technology
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It's more like "Slapping on the wrist isn't helping." The Alex Jones bankruptcy is the first time I've seen anyone fined significantly to the point of it mattering. Fines are meant to be significant enough that the company would do its best to avoid them. If the fine is palpable, then it's just the cost of doing business.
So set the fine in percentage of the company?
Yes the fines are not high enough. IMHO there should be two payments: a return of all earnings which are related to the violation PLUS a hefty fine and/or jail for the executives
That's the only way it isn't cost efficient for the big companies to ignore the laws. Also, make sure the fines are actually paid in full and in a reasonable amount of time
The Alex Jones case is a textbook example of what happens when a rich person is so overconfident that he does even less than the absolute bare minimum to defend himself in a court case. He defaulted on the case! That's the absolute zero of stupidity in legal terms.
I don't really consider the Alex Jones case to be a win. It was a fluke, and if he had even put up a slight bit of effort, it would have turned out very differently. You know, like 99% of the other cases where the rich is legally attacking the poor.
Not to mention that the rest of the outcome of that is being handled rather poorly
I’d argue Alex Jones is completely different in the eyes of the law. His Sandy Hook case and subsequent bankruptcy are very different than the fines levied against tech companies. Which is why there’s a huge difference. In general, crimes that done physically hurt people have less consequences. And that should change. Fining these companies a significant amount, so that they can no longer be considered a line item on the budget would be a good start. There definitely needs to be a change. But I’m no expert to truly evaluate what changes would be effective.