Capped implies a “no matter how bad, it will only cost X”.
Infinitely high fines implies “murder everyone, no one must know what happened”.
Fines with multipliers for badness, as we do in the criminal code (maybe this is an argument against), implies “yes, this is bad. It will get far worse”.
OTOH, there are other options.
charge company leadership with crimes for violations.
At this point I would say I am 99% sure they shouldn’t. They are basically all the things that AGI scaremongers always warn us about when they talk of systems influencing society with a completely inhuman decision-making process only without the computer part.
You raise a great point.
Capped implies a “no matter how bad, it will only cost X”.
Infinitely high fines implies “murder everyone, no one must know what happened”.
Fines with multipliers for badness, as we do in the criminal code (maybe this is an argument against), implies “yes, this is bad. It will get far worse”.
OTOH, there are other options.
charge company leadership with crimes for violations.
a corporate death penalty
Etc
I’m not sure corporations as we know them should even exist.
At this point I would say I am 99% sure they shouldn’t. They are basically all the things that AGI scaremongers always warn us about when they talk of systems influencing society with a completely inhuman decision-making process only without the computer part.