In a just society the penalties for that behavior would be commiserate with the societal costs. Even if the single act is relatively low cost, the societal-wide implication means no one can reasonably do this at a small scale without losing their investment. Therefore the penalties should be harsh, widely publicized, and extreme
Such a society would pay a whole lot more attention to white-collar financial and environmental crimes than to anything all the motivated junkies in the country could wreak.
This I believe is part of why forgery is dealt with so harshly, copying a few thousand bucks isn’t a big deal but destroying the integrity of hard currency is.
I always thought the same logic should be applied to corruption by any kind of official. No matter if politician, judge or police officer - their crimes should be punished 10- or even 100-fold because the real damaged is undermining the entire system.
You’ll get downvoted to oblivion but it’s true in endless ways even before AI. The EUs obsession with green energy and destroying nuclear in Germany, the wealth taxes, the bureaucracy, how it’s 10x easier to get disability than it is to start a corporation. Death by a thousand cuts. I don’t see this improving until real, visible pain is felt. They are so poor economically but the consequences are not being felt yet
Just my 2 cents. Nuclear was dead in Germany without political influence. The reactors where so old, that upgrading them to modern standard would have been a waste of money compared to renewables. France only works because the state helps out. UKs new reactors are financial suicide.
Everything else you might have a point. The EU behaves as if it has influence over companies abroad. Then its strategy might work and do some good. Sadly this is not the case. Instead we are getting isolated and loosing the AI battle bad while bureaucracy and regulations forces inventors to leave.
Nuclear in Germany was destroyed mostly due to unchecked Russian influence. Shroeder got rewarded by putting the final nail by getting all those board positions in Russia. And they had a reason to be blind to it since the industry does want Russian hydrocarbons.
And as sad of a story as it is, it's nothing compared to what Orange did. It will be a good showcase for the future how business is not the economy.
And it's not even just me who says this, this is an exact title I've seen online as well before, below.
The reality is Europe will tend towards stagnation while other superpowers continue trudging on, some with their help of their governments while others, even despite themselves and their governments.
The proof is in the pudding. On a pure price-return basis without dividends, an investment in the Euro Stoxx 50 in 2000 sat at approximately 0% capital growth for nearly 25 years.
The anti-EU comments are always the same shape, unable to separate the EU from individual countries and misattributing country specific policies to the entire EU. Only a few countries in the EU have wealth taxes, and it's not the EU who imposed them. Disability pensions are not easy to get and require a lot of medical paperwork and approvals in most EU countries. And what does "so poor economically" even mean?
Right - the EU is not that powerful. If anything Europe's mistake has been not making it powerful enough, so there is possibility of competing with China and America.
Britain has left it and that's made a negative difference to our productivity. Large home markets are critical, when your two major competitors have large home markets.
Taxes and social services are cultural things in Europe, based on us understanding what a good way to use the wealth technology has given is. America understands this as well - it spends more on state healthcare than Europe does (yes, PPP adjusted), just not universally available.
That "just not universally available" is kind of the crux of it; all that money in a first world country and many people still fear that calling an ambulance will bankrupt them.
It’s the mentality of the electorate. Without serious, horrible pain, which I truly believe will be felt over the coming 25 years, politicians won’t be elected who really embrace it. The welfare state can’t continue its current form without new innovative companies operating at a global scale. You can point to a few successes but without a grand, EU-wide mentality-shift I will continue to visit Europe exactly as I see it: a sclerotic, decaying old-world system that’s best use is a museum for my tourist dollars
Ha! That's pure nonsense propaganda. Show me where it is 10x easier to take disability than establish a company. Then show me how EU destroyed Germany's nuclear energy, while doing well in other countries.
If you can't you are no better than the russian and right-wing americans that push anti-EU propaganda.
True, the Germans destroyed their own nuclear industry, and with it - its prosperity - entirely on their own. Specifically, Angela Merkel did that, along with lots of other horrible things that deprived the Germans of the future.
How did BU get ~$30k more expensive, per year, in 11 years? What will it be in 10 more years - $120k per year? This is absurd. It's cheaper to buy your child two Porsche sports cars and attend state school than it is for 4 years at BU
At first I thought that sum was for the entire cycle/duration, but even 51k per year was predatory, nevermind 80k like it is now. Multiplied by 4 (let's say), that's 320k, you add some other costs that I guess are not part of the tuition and I can see that easily getting to 400k, even half a million. Stuff like this will be the intellectual ruin of the US university system.
Well inflation itself makes up for $20K of that. And Boston is fast becoming the most expensive city in the country. Add on the fact that BU is a private college.
Comparing tuition to the growth of the S&P 500, or any fund or stock for that matter, is like comparing a first class dining experience to a computer, the two have nothing in common.
Why would you expect education costs to move with the value of public businesses? How does that make any sense? A businesses worth has actually gone up (acquired assets, generating more revenue, etc.), has the value of a college education gone up 400% from 2011 to 2022? Because that is what you seem to be suggesting. Are new grads from BU on average making 400x what they were in 2011? Even going from $51k to $79K that's about a 47% increase, is BU college education 47% better today than it was in 2011? Probably not.
A 4 year BS is $320,000 without Room and Board. That's what my mortgage was 22 years ago. I have 30 years to pay that off, and I can live in it while doing so.
(Now, multiply by the number of children you have, in my case, 2.)
Burning down Tesla dealerships and exploding a cybertruk in front of the Trump hotel in Las Vegas was oRgAnIc and had nothing to do with the machine retaliating against Elon for boosting Trump's effort to (allegedly) go after corruption.
