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Comment by Der_Einzige | Hacker News Reader

It's funny to watch folks here rediscover nationalization. Unfortunately, regardless of the justice of that action, Nationalization is the fastest way around to not just cause capital flight, but (if you're a small country) those wealthy individuals who lose will also hire thugs/counter-revolutionaries to destroy those who tried to expraproiate them.

You literally cannot win. Either enjoy the corporate dread or enjoy a bullet to the head

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Nobody suggested nationalization.

Driving away or destroying businesses that harm the country is the goal, not a consequence that only you realize.

Asserting that doing so results in net capital loss is going out on a limb at best, safe havens have historically led to business flourishing.

The US isn't comparable to a powerless nation, there's zero risk of Johnson & Johnson thugs beating police in the streets.

Awfully convenient that your logic ended up justifying inaction.

Or some bitcoin under the bed

Why does somebody always take this to the extreme. Whenever there's a thread where people want to see corporations be made accountable for their actions it's shunned as socialism, nationalization, communism, etc. To me this just sounds like the news has successfully brainwashed folks into associating corporate accountability/responsibility with alt govs so that it's easier to get people on their side or something, idk.

The whole point of corporate ethics is to benefit from collective effort while pretending it's about individual talent and heroism - the kind of talent and heroism that is so unusual, so special, so dynamic, so productive, and so, well, rich it absolutely deserves a free pass from the ethical constraints that apply to lesser individuals.

It's pure special pleading, but Wall St couldn't operate without it.

Why wouldn't they be able to operate without it? I see no reason why that couldn't function without paying their dues.

How do you nationalize a multinational company?

You nationalize any domestic assets

How about a complete abolition of capital?

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