> Corporate "jail time" would be indistinguishable from "death penalty" in practice: suspending a corporation's ability to engage in contracts and do business basically means the corporation rapidly falls apart, existing contracts run out or get cancelled, employees don't receive pay checks, etc.
How is this different from when a person goes to jail? They loose their job, house, many future chances for a job. We just don't kill people when they're unprofitable.
Personal insolvency generally doesn't kill the person. Corporate insolvency typically results in the corporation being dissolved, effectively killing it.
I'm not arguing that this is a bad thing. If anything I'm arguing that corporations shouldn't be granted people privileges because they are demonstrably not people. And that if the corporation misbehaves that means people need to be held liable, too.
How is this different from when a person goes to jail? They loose their job, house, many future chances for a job. We just don't kill people when they're unprofitable.