You could impose a system in which any corporation caught violating transparency, anti-corruption, or regulation laws has 10% of it's annual income taken by the government that year. And this percentage is cumulative, up to and including 100% profit loss.
I think corporations would probably clean up their acts very fast in light of that.
But you still have to be able to be able to actually stick an accusation to them. And don't forget, what's keeping them from simply "persuading" some congressmen to change the laws?
The problem with planes, is that they are full of fuel. And Fuel BURN.
But we made pretty good planes.
The problem with capitalism is that (insert lot of things here) and we must find a way to fix them.
Social-democracy (yeah I mean European style socialism) have some answers, and is the best working system right now (soc dem countries work really well) but it fail to take a few things into account. Maker movement and free software have some responses (crowd sourcing/funding/politics for instance) but it let the annoying problem of ecology...
There is a lot of things that may lead to a system that work, but right now we must fight to avoid the end of democracy.
The problem with planes is that there are lots and lots of problems with planes, and no good ways to fix them, so we should use trains instead. Trains have their own problems, but those problems are smaller and much more easily fixed.
Socialism is a step up, but not a very large one. It's basically capitalism propped up to avoid the worst effects. It still has a lot of the same problems, though, and introduces new ones to boot.
Sarbanes-Oxley directly throws the top executives in jail if there are accounting irregularities and requires the executive to sign off on every report. There is NO excuse. If the report is wrong, then jail. Corporations are pissed about this because they have to hire accountants and attorneys to make good and sure they don't directly lie on statements like this or it's the executives themself in jail without defense.... This is the result of Enron....
You can impose criminal liability directly on directors and executives....
But how long until they find a way around it? or have it repealed? or find a new way to screw things up?
@Angle - so what do you propose should be risen once capitalism is brought down? I mean, I'm an outspoken socialist and pretty far out on that wing, but I still see a heavily legislated "capitalism" as a foundation in my system of choice. For me, it's not "down with" as much as it is "Rein in capitalism!"
Now that's the million dollar question, Ain't it?
hold on a sec and I'll write my reply.