Comment by TheOtherHobbes

This is what China does. The problem is that the application is a little, uh, selective. As soon as you get any kind of corruption it becomes a power play between different factions in the elites.

You can't do any of this without a strong, independent, judiciary, strongly resistant to corruption. Making that happen is harder than it sounds.

And it still won't help, because the perps are sociopaths and they can't process consequences. So it's not a deterrent.

The only effective way to deal with this is to bar certain personality types from positions of power.

You might think that sounds outrageous, but we effectively have that today, only in reverse. People with strong moral codes are actively excluded from senior management.

It's a covert farming process that excludes those who would use corporate power constructively rather than abusing it for short-term gain.