I would posit that we are in the current political situation precisely because we do not hold the capital class accountable. Do you sincerely believe that investors losing their investment is a “very extreme” response to gross corporate lawbreaking on their behalf?
We are in this situation because we elect people who do not hold the capital class accountable. Look at the people we elect. How would them running companies be any better?
The capital class chooses and presents the people you can vote for. They decide what issues are talked about in the media, they decide who gets the most funding, and they probably have ways of getting rid of or corrupt the people who somehow get popular without first being accepted by at least some people from the capital class.
We are in the situation because the capital class have turned the people we elect into servile puppets. Because they have simply been allowed to become too big and powerful.
They aren't servile puppets because they are children, they are servile puppets because that's what they are paid (and threatened, via financing their more pliable opponents) to do.
Why not make the civil case path easier then? The extreme nature of your remedy is the idea of a government taking over and owning a corporation. That creates bad incentives. I think if individuals could reasonably expect to be able to knock people like Mark Zuckerberg out of the billionaire class in a civil suit, then yes, he and the types of people he represents would behave better. Having the government run Facebook or Enron or Google or whatever both sounds less desirable than empowering individuals and weakening corporate protections in civil cases, and frankly; worse than the prevailing situation re the "capital class". If you think the current political situation is bad the last thing you should want is more government power.
