this post was submitted on 03 Nov 2023
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Corporate death penalty should be on the table for stuff like this.
Scandalist communism!
Didn't expect US to be communist country.
it is the natural recourse of capitalism to create an enemy. that's what competition is.
This would create a big strain on the job market. Good luck dealing with a flood of >50k employees looking for a job (vs a new employee fresh out of college)
That’s not how this works at all.
There are plenty of ways to deal with this, and issue a death penalty to the corporation while not punishing the workers:
Forced turnover of executives and board members (with jail time and high % fines), corporate watchdog for x amount of years
Dissolve the mega-corp into smaller corporations, and/or force all subsidiaries into a planned disengagement from parent company
Bail-out in the form of state ownership by government buying majority stake
In any of the above, or even in a complete mega-corp dissolution the demand doesn’t disappear. If you want to have the argument that these “oh so wonderful stewards of business” are the reason people have jobs in the first place, you can’t ignore that demand is the reason those very same executives have jobs too.
If they tear it down, someone will build something else to replace it.
https://youtu.be/5_-Ac68FKG4
What eating the Rich Did for Japan
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Something would eventually take their place. The strain would be temporary.