The difference is that capitalists aren’t desperate. They commit crimes just to make numbers get bigger. Just fining corporations for doing crimes doesn’t do anything, because then it just becomes a cost of doing business. You must attack the people in the corporations making the decisions to make money, and the death penalty is one of the tools for that.
To understand the use of the death penalty, imagine how many worker hours a capitalist who steals a billion dollars takes away. Assuming the average US salary (~$66,000) and working lifespan (77.43 years - 20 yr childhood), they’ve stolen the entire life earnings of 264 Americans. These calcs look even worse for any non-U.S. country because the theft is usually done in USD, but all the workers make a much less valuable currency.
As of now, China mostly uses death sentence with reprieve for financial crimes, which means that if the sentenced person doesn’t commit another crime in a couple years, their sentence gets demoted to life sentence. Actual execution has only been used for extreme cases, such as Sichuan mining tycoon Liu Han, worth $6.4 billion, for his crime syndicate of gambling, loan sharking, illicit arms trading, contract killing, and actual lethal shootings.[1]
The difference is that capitalists aren’t desperate. They commit crimes just to make numbers get bigger. Just fining corporations for doing crimes doesn’t do anything, because then it just becomes a cost of doing business. You must attack the people in the corporations making the decisions to make money, and the death penalty is one of the tools for that.
To understand the use of the death penalty, imagine how many worker hours a capitalist who steals a billion dollars takes away. Assuming the average US salary (~$66,000) and working lifespan (77.43 years - 20 yr childhood), they’ve stolen the entire life earnings of 264 Americans. These calcs look even worse for any non-U.S. country because the theft is usually done in USD, but all the workers make a much less valuable currency.
As of now, China mostly uses death sentence with reprieve for financial crimes, which means that if the sentenced person doesn’t commit another crime in a couple years, their sentence gets demoted to life sentence. Actual execution has only been used for extreme cases, such as Sichuan mining tycoon Liu Han, worth $6.4 billion, for his crime syndicate of gambling, loan sharking, illicit arms trading, contract killing, and actual lethal shootings.[1]
https://time.com/3700907/liu-han-execution-china/ ↩︎