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goobster  ·  2392 days ago  ·  link  ·    ·  parent  ·  post: $13B fine to hide wrong-doing, turns out to be a deal

    "Bear in mind that there's nothing in Jamie Dimon's job description that requires him to be human..."

True, true. But if polluting companies were forced to pay for carbon offsets, and pay their employees a $15 minimum wage, and barred from doing business with dictatorships and countries who do not commit to the Paris Accord, and, and, and...

And basically, if companies were forced to pay the ACTUAL price of production for their goods, then the incentives to jack the system and offload the costs onto the consumer (or unsuspecting bond buyers), then Jamie Dimon would do what was RIGHT as well as what was GOOD for the business.

It's because businesses are rewarded for being shitty loophole-seekers, that people like Jamie Dimon leverage these loopholes.

I wonder, if a sociopath were running a business with the right incentives in the right places, I wonder what we'd get? Tesla? (j/k... I know you hate Tesla with the fury of a thousand suns...)