There can’t be that many factories pumping out these chemicals in that area.
"It's not us", "we have no idea", "our tests show we're clean" works for a shockingly long time in modern Western societies - the government has to prove that it is indeed 3M or whoever else who causes the pollution, and government agencies usually tend to take time until an investigation is complete. And even then, offenders can file a lawsuit... and until that lawsuit is finished and unappealable, it can take many years if not decades. And during that time, everyone claiming that a specific company is an offender is under severe risk of a defamation lawsuit.
We definitely need reforms both in staffing of regulatory agencies as well as in defamation lawsuits in cases of environment or labor offenses.
> J&J, which also makes products such as Tylenol and Band-Aid, assigned legal liability for the complaints to the spinoff company, which immediately filed for bankruptcy — a maneuver dubbed the "Texas two-step."
https://www.npr.org/2022/02/25/1083061992/johnson-johnson-wi...
It's not surprising or even noteworthy for 3M to deny culpability until they can't. Not that it's good or right or ethical, but corporations are rule based non human entities that shouldn't be viewed as equivalent to or extensions of humans. They often behave inhumanely and despicably because the rules allow them to do so. That's a failure of the rules and system in which they operate. Bad actors, like the Sackler family, can direct a corporation down a legitimately evil path, but usually the negative externalities aren't the fault of companies.
If 3M takes responsibility and cleans it up, or puts resources into figuring out how, I would see that as a good thing. If they shuffle things around, draw out the resolution, screw people over, then they'd be joining Nestlé and their ilk.
We need better corporate models and incentives. "What we can get away with" is not a great lower limit on behavior, but since it's what we have, we should assume that and account for it when regulating business.
Thanks for this phrasing. Any books, essays or videos that you would recommend on this perspective? How about the Citizens United ruling in the U.S.?
> We need better corporate models and incentives. "What we can get away with" is not a great lower limit on behavior, but since it's what we have, we should assume that and account for it when regulating business.
What are some best practices or successful case studies for this approach? Could smart contracts and DAOs be regulated?
They already are: contracts and companies have legal definitions and processes. If you shoehorn a blockchain in the middle it doesn't change that.
The law generally doesn't get involved in informal agreements, like smart contracts and DAOs usually are, but then you don't get much recourse if you get screwed over (unless it's outright fraudulent or otherwise illegal). Which, a lot of the time is the point of making it a DAO only and not having any actual legal entity.
NFTs have some particularly egregious examples of scams and schemes by A-list famous people, and nothing gets done because everyone involved in the transactions are frothing at the mouth crazy over "web 3, omg."
As far as smart contracts go, basic control logic has to be built and a library of modules made available and a system cultivated by which users and developers can test and validate everything. Reversible transactions and failsafe mechanisms have to be the foundation of any investment so that when errors inevitably occur, someone in charge can unfuck things. A board of directors could be given individual keys in a multi-signature scheme, or so on.
Once or twice a month we're seeing crypto thefts in the 7+ figures and it's always because of obscure flaws in the code that could be avoided by developing on tested, verifiable, and validated code. That means a level of rigor only currently seen in international banking, nasa missions, and so on.
The big problem with crypto investing right now is "I wrote this smart contract last weekend at a hackathon, let's invest millions of dollars!"
Decentralization doesn't mean everything has to or should be decentralized - sometimes its enough that the overarching system is not under the thumb of an arbitrary authority. Centralized entities within the bitcoin or ethereun ecosystem will be the first crypto banks and exchanges, and you'll eventually be able to code legal requirements directly into contracts (and vice versa, once the ruling class starts to include people educated in cryptocurrency.)
Of course, few people actually use crypto as an adjunct to legal system: some specifically don't want the legal processes (and protections) to kick in, and some just want to have used pure crypto for it's own sake even when a existing systems would have sufficed.
Intro (PDF), https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247150
They ask the government to prove that it's all because of them, and nobody but them.
Then challenge and obstruct every step of that process.
We don't have magical Stark Trek tricorders, which beep when you stand next to the poisoned river, and beep louder when you point them at the PFAS factory. We have tests that take time to run, that can infer facts about the world - but we need to justify performing them, and then need to reason and argue that their results mean what they mean.
[0] https://www.brusselstimes.com/175561/3m-zwijndrecht-oosterwe...
https://www.spokesman.com/stories/2022/mar/18/cdc-study-show...
Edit: I just realized the question was about a different comment. Leaving this here because I still think it's somewhat relevant and interesting. Apologies.