plover
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Why are dictates to operate under full disclosure any different from the corporation's point of view (as opposed to a larger scale economic point of view) than any other rules and restrictions? They're a hindrance to be skirted as much as can be gotten away with and to be weakened by any political means available. So now you have an enforcement problem. How do you enforce the rules without being even more intrusive? How do you have the resources to carry out the inspections and record keeping necessary for enforcement without expanding the government? All this seems to lead back to my original question: how do you get companies that see full-disclosure as in their best interest?loseyourname said:More rules and more restrictions is in general what leads to higher prices and lower wages and attempts to evade the rules and restrictions. If you just let the free market operate under full disclosure, then it's simple.
In your original post that I responded to, I see you as saying that the rules of transparency are "all strictly regulated by an impartial third-party committee that is not politicized". How do you create such an animal? How is it different (in theory) from current regulatory agencies? How are the complexities of enforcement reduced to the point where an area can be overseen something conceived of as a simple committee? Even honest accounting can be fantastically complex, who is analyzing all these corporate records for fraud? And how can this be done without oversight at the properties of the corporations to check whether the records match the realities they describe? What prevents various types of money laundering through the jurisdictions of other "committees" (especially those whose rules are codified differently) for large corporations?
I'm not saying that full disclosure would not be a good idea, intuitively, it strikes as me an improvement over current policy, but then I don't think the rights (including privacy rights) that ought to be granted to corporate entities can be derived by analogy from those of individual citizens—corporations and humans are just too ontologically different. My line of inquiry is more directed toward questioning whether the suggestions you outline really do reduce the complexity of government. One way to summarize this might be to ask: doesn't using these suggestions to minimize government reduce to the problem of maximizing the degree to which corporations see full disclosure as being in their best interest?
But it's possible to find all the corporations in a given industry reprehensible and still be unable to live without the services of that industry. There's nothing to prevent the group of corporations that dominate an industry from colluding to agree on practices favorable to the industry but unfavorable to consumers. (Just like we have now...)Don't work for Exxon and don't buy from Exxon if you don't support Exxon. Any company that wants to remain in existence has no choice but to satisfy its customers (read: you).
