this post was submitted on 17 Oct 2024
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There’s no need to give a company a “way out”. The government can be as harsh as it wants to be within the limits of the law. But as soon as you start targeting the owner when he is supposed to be financially protected by the law, there are worse consequences in the long term. No matter how much they personally fine Elon, he has infinite money, this doesn’t really hurt him and I doubt he cares since he seems more focused in helping Trump win than helping X (or himself) succeed.
Gotta ask, what would you propose that would curb Elon from willfully committing crimes as he is?
He continues to do so because he's proven the system is broken as soon as someone is sufficiently wealthy. He fights the charges, then when that runs out he fights the amounts, and even when he does get his comeuppance to the tune of 44 billion, he's an even bigger brat cause he finally got stood up to. Do you think that there's a way to systematically even the playing field?
I’m not a lawmaker so I don’t know. And it hasn’t been dealt with by those who are because it’s not an easy decision. But the solution can’t possibly be allowing governments to damage the owner’s personal finances for choices at the company level. Truth is you can’t open this road for Elon Musk and never use it again, because that’s never how it goes down. If this is allowed to happen, more people will be unwilling to open businesses because the only protection that they’re supposed to have can be completely ignored by the government. Governments are as predatory as mega corporations, and neither can be given too much power. This takes away power from the companies and gives it to the government, not the average citizen.
I don’t know, and nobody else knows.
I don't think I quite agree about governments being predatory by nature. I think they can be, have been in the past, and safeguards and checks and balances need to be there to prevent it. But generally a democratically elected government is beneficial, albeit flawed. Often reactive rather than proactive, but not commonly bloodthirsty. I mean, they often can't even jail executives for criminal decisions or negligence.
In Elon's case, I do believe governments around the world are going to have to adapt to protect their citizens from popular, but provably false and dangerous propaganda, as well as protect their privacy in the EU's case.
Also, I agree, we both aren't lawmakers. So for now I will just have to cheer any attempt at adaptation, and hope that their solution is functional and passes scrutiny.
Well, if you look at the history you might change your mind. If you look at the Top 10 Most Politically Influential Countries, by US News, you will notice that out of the 10, at least half cannot be considered "beneficial".
I hope we can agree that Russia (1) and China (3) are predatory. But in case you don't believe so:
We have the UAE (9) and Saudi Arabia (7), who will literally kill you for the crime of being a journalist [SA], being gay [SA], and arrest you for speaking against them [UAE]
Israel (5): I guess it depends on where you stand with the current Israel-Hamas situation. But I wouldn't say Israel has an utopian government.
Iran (10): From numerous results from a quick Google search, I can point to Pakhshan Azizi being sentenced to death for her humanitarian work.
That's 6/10 of the most influential governments being provably predatory against their own citizens.
That's one of the unfortunate advantages of creating companies, but I believe such protections are needed for the average citizen who wants to start their own business. Maybe you disagree.
If you must "protect" your citizens at all cost from misinformation being spread on X, then you can do what Brazil did, and just force all ISPs to block traffic to it, then fine thousands of dollars to those who get caught using a VPN to access it. This is also extremely predatory (against X and Brazil citizens), but nobody cared for some reason.
Hopefully it can be solved in a way that doesn't harm small businesses.