*Water bosses could be jailed if they cover up sewage dumping under new law.*
The government looked into the causes of a deadly fire in an apartment building and
found that several companies were jointly dishonest and many government
bodies failed to do their job of insisting on safe construction.
All sorts of regulations to protect the environment and people's
health and safety, should carry criminal penalties for intentional
conduct that significantly endangers people. The punishment for a
serious violation should include prison, for individuals, and for
corporations seizure and liquidation.
Anyone can make a mistake — even a CEO who has acted wrongly may have
done it unknowingly — so everyone accused must have a fair trial to
judge culpability. But intentional disregard for those regulations,
when it occurs to a significant extent, should be grounds for severe
punishment.
This should not be limited to cases where serious injury to specific
actually persons occurred as a result. When that was avoided by sheer
luck, the crime should be the same.
Merely banning a company from operating in a country may have no
effect. Even shutting down the corporation directly involved may be
insufficient. Many construction businesses do (or at least used to)
start a new corporation each year as a scheme to shrug off subsequent
fines or judgments. The law should refuse to be thwarted by such
schemes.
If this helps drive the UK's formerly public but nowadays private
water companies into bankruptcy, so much the better, since it will
avoid the need to "compensate" their stockholders when renationalizing
them.
We need capitalism so it can drive people's desire for profit into
competing to do a good job for society. However, they will face
constant temptation to cheat their customers, their workers and the
general public. We must make sure they recognize those methods are
too dangerous to try.