alt Hacker NewsClearly there needs to be room for both things to occur. You should absolutely begin with passing laws, but to think that the laws on the books can cover every situation is naive. When companies skirt the law and cause harm, there needs to be a remedy.
I don't agree. The benefits of a business environment governed by due process and the rule of law far outweigh the benefits of individual government actors having arbitrary discretion to fill the gaps. As we've seen clearly on the federal level this past year, once you create that discretion, the common way for corporate executives to "prove" that they're nice and generous and deserve favorable treatment is not good behavior but open bribery of public officials.