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LG faces legal action over alleged smart TV spying (www.techradar.com)
submitted 3 days ago by to c/privacy@lemmy.ca
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LG's smart TV privacy woes continue as Portugal's Citizen Voice asks the court to investigate. Are smart TVs too keen to gather data?

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[–] 23 points 2 days ago (4 children)

Corporation: Do evil shit to achieve optimum profit, usually in 100s of millions of extra profit. Laws: Yeah this'll cost you 10 million.

I'm sure there's a name for this but I'm calling it Litigation Offset Loss. So long as the punitive cost is outweighed by the profit gained there is no incentive to act ethically. The only thing worse is corporate self regulation.

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  • [–] 2 points 2 days ago

    It's called "The government wets it's beak."

    The MAGA government doesn't mind if you fleece the rubes, that's what they're there for, but if you are particularly successful, you have to make sure the government gets its taste.

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  • [–] 1 point 2 days ago

    Let me introduce you to your new best friend: regulatory capture. This gives you the worst of all: low cost of doing business with high deregulation similar to self-regulation but with the ability to point to the regulatory body for any high profile issues

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