Episode
How Fines Became "The Cost of Doing Business" | How Money Works
- Podcast
- How Money Works
- Published
- Jul 24, 2026
- Duration seconds
- 1027
- Processing state
not_requested
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Summary
How Fines Became "The Cost of Doing Business" Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" → https://manscaped.com/howmoneyworks Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @howhistoryworks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images For sponsorship inquiries, please contact [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. In 2012 the Hong Kong, Shanghai Banking Corporation best known simply as HSBC was charged by authorities for aiding and abetting the operations of some of criminal cartels between the US and Mexico. Corporate personhood is the legal notion that corporations have many of the same legal rights and responsibilities enjoyed by natural flesh and blood people. They can own property, sue and be sued, donate to political campaigns, and even have defended religious beliefs… … but if a normal person was found laundering money for cartels and the North Korean Nuclear Program, they would be living it up, here in ADX Florence IF THEY WERE LUCKY. HSBC on the other hand still operates across the world, and their punishment for these crimes would be like a normal person getting a fine for roughly 2 months of their wages… So if corporations are legally people… why can’t they be arrested? If companies see fines as “just the cost of doing business” what reasonable punishments are there for orga…