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this post was submitted on 05 Oct 2023
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I "love" US companies that increase their profit with illegal and secret algorithms (no effort). Hope for big fines (50%, here we come!)and long lasting bans.
But not only 50% of the additional profit - should be something like at least double or triple that.
It's 'The Formula' from Fight Club:
The key to preventing this kind of thing is to make sure that X is always considerably higher than A x B x C. If monetary penalties are all that are being assessed, they need to be fucking astronomical to the point that no reasonable company would even consider taking the risk of getting caught, no matter how minute that risk is. Until we start operating like that, there's simply no incentive for any of these companies to stop breaking the law.
And start throwing executives in jail.
This is the real answer
If the penalty for a crime is only a fine, then that crime only exists for the lower class
I am sorry, however you provide some interesting information, this case has noting to do with recalls.
It's a quote from Fight Club; I know this case has nothing to do with recalls. The point applies to any corporate lawsuit.
Let me re-frame it, if that helps:
The point is that the penalty / fine that's assessed needs to far out-weigh the potential benefit, taking into account the chance of getting caught / fined in the first place. If they stand to make $10 million in profit, and the penalty for getting caught is $100 million, but the chance of getting caught is only 5%, their ROI is positive and it's simple numbers - they'll do it every time.
If in the above example the penalty was $1 billion, suddenly the ROI is negative, and they won't do it. It's simply math. By having penalties that are too low to impact their overall profit, they simply don't work as a deterrant.
A $1.5 Billion fine would work as deterand.
But I am afraid US politics won't allow it.(lobbying)