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342 points dustedcodes | 1 comments | | HN request time: 0.317s | source
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ajb ◴[] No.34935878[source]
One of the reasons that criminal acts are criminal is that they destroy value. For example, when metal prices go up, criminals steal wires from railway lines. This gains them a couple of hundred bucks of metal, and costs tens of thousands in disruption and reinstallation.

This kind of action by companies should be criminal, because they just destroyed economic activity worth at least $10000, because they didn't want to spend a little more on due diligence. Which could even have been put up as a bond by their client. My guess is that it would have cost <1 hour's work to validate this guy, and obviously he would rather bond that than lost the $10000. But no.

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1. zugi ◴[] No.34939516[source]
> One of the reasons that criminal acts are criminal is that they destroy value.

Yes, and this is a complete tangent from your main point, but I worry about over-using the justification of destroying "value" versus destroying other people's "property." Not all things that "destroy value" are or should be criminal.

My favorite example: I own the only gas station on a busy corner and sell gas for $5 a gallon. My gas station is worth $1 million because of its money-making ability. Someone else opens a new gas station on the opposite corner and sells gas for $4 a gallon. My revenue drops, and the "value" of my gas station falls to $0.5 million. The competitor "destroyed value." Yet that's not only not criminal, but it's exactly the kind of competitive behavior a free society needs.