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Lets pretend they would not become corrupt. What about unpopular decisions, such as layoffs? As much as people hate them, they are sometimes necessary to keep peoples work productive.

Flying Squid
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First off, if you think people will vote for unpopular things because they are handled correctly and the right thing to do, you are not paying attention to any elections.

Second of all, lets say I am elected to run this company. I have two options:

  1. Operate the company to the best of my abilities and in the best case scenario, I will get a bit above average wage. More likely something out of my control will happen that I will be balmed for by the next guy who wants to run the company.
  2. I give way overpriced contracts to people who will give something of value to me. Of course vaguely enough that you can’t prove it in court. Then I just lose my job in a year or two, when people figure it out. Of course by then, I gained more in that year than I would gain in my entire life working honestly.

What do you think the kind of people thick skinned enough to win a company election would do?

And if your solution is to lower the burden of proof in court, who would take normal salaried job with high chance of being falsely imprisoned? Not the honest ones…

Flying Squid
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Ignore that last part, just me writing ahead too much. I was trying to say this kind of corruption is incredibly hard to prove, so courts are not helpful.

Flying Squid
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Well, I live in a formerly socialist country so we remember what incredibly corrupt looked like. Most modern CEOs look outright virtuous in comparison.

Flying Squid
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On paper yes. We all know what the reality was. Which would repeat immediately unless you can align the decision makers interests with interests of the people.

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