this post was submitted on 24 Oct 2024
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I always feel like the solution is to make this sort of thing unprofitable. Rather than just having a cost-of-doing-business fine, the company should have to forfeit all revenue generated by the illegal activity. The fine should then be assessed in addition to the revenue forfeiture, making it a real penalty rather than a wrist-slap.
Businesses operate on cost-benefit analyses and risk assessments. If violating the privacy regulation risks the loss of all revenue for the ad business, they won't do it.
Just jail the CEO. Maybe their salary will finally be justified, if they're willing to take the risk.
Thing is, if the profit is high enough and the golden parachute is good enough then a business could probably find someone to take the fall as the CEO for them. Losing the CEO won't end the business or their exploitative behavior.
Tbh, you're probably right. It's the same reason that solar finally is seeing an uptick, and how cryptography works. Solar makes financial sense now, and cryptography is all just about how much money you would need to spend to crack a password.
This is really it. Businesses are about making money. If you want to change the way businesses behave, you have to change the financial incentives. You can condemn the capitalist greed motivation if you want, but that really only amounts to moralistic posturing, it doesn't accomplish anything practical. It's more useful to understand how businesses make decisions, and then adjust rules to incentivize the behavior you want and disincentivize the behavior you don't want.
An ounce of prevention is worth a pound of cure.