Quit fining companies committing crimes and start pulling out the handcuffs

If a regular person commits a crime, they are taken to court and have to consider how long they will be sent to jail or prison if the crime and severity fall into that realm. Companies that commit crimes do not have that worry, so management and executives can allow their companies to commit crimes and just worry about fines. Yes, there have been a few rare instances where people have gone to jail, but it is just that, rare. This needs to change.

Pharmaceutical Industry

I am currently reading a book called “Sickening”, which is written by a doctor who has become an expert on how the pharmaceutical industry scams doctors to make prescriptions they should not. I will be reviewing this book later, but it opened my eyes to how jail sentences would change the industry from one built on college business degree ideas of profit back to one where Adam Smith would approve. People are dying from complications, which should be considered murder, but the most that happens is a few million dollars fine.

Banking Industry

Everyone has to have banking of one type or another, so when a bank fails, it causes issues that can cascade into industry wide collapses. Look at what was done with the housing bubble in 2008 and this is the perfect reason to send bankers to jail for criminal behavior. To alleviate their issues, they were even attempting to steal property that had no liens on them, let alone a loan from the bank trying to foreclose. Tax dollars flooded into the industry during the recession, but most of it never helped the victims of the bankers.

3M and Similar Companies

Go to Google and look up “3M lawsuit”. Go on, I can wait. Exactly, there are so many lawsuits that the company has been proven to have risked the safety of people that they probably should have their own courtroom. Companies like this prove that jail time would start alleviating the burden on the courts and morgues. They are allowed to do whatever they want and just roll the costs of fines onto their customers. They will not change until they see executives in cuffs.

These three examples are literally just the tip of the spear of problems that can be fixed by people going to jail instead of companies being fined. Fines just mean an increase in the price of company goods, not any real change happening. This is not capitalism, especially not how Adam Smith and his contemporaries imagined it. No, this is a new beast that only comes from people with modern business degrees who are taught by people who hate freedom and capitalism.

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