Might be worth breaking out the tangent discussion from the fork thread:
To what degree do hypercorps and other institutions follow laws?
Here is my view: It is given in the setting that there is a great deal of secret nastiness going on, from arranging "accidents" for competitors to doing highly illegal experiments in remote habitats. But this is all *secret* criminality - it would be bad for the hypercorps if instances were brought to light. The main activities of hypercorps (after all, they have to make money by *doing* something marketable and not just spend money on being evil in the R&D labs!) are legal. Maybe sometimes morally questionable, but not flaunting the laws of the local polities or the Planetary Consortium. Even hypercorps suffer from bad press (Cognite after the Lost), have to abide by legal settlements (Oaxaca-Maartens had to stop the forced forking/merging of indentures), and have to deal with Oversight if they get out of line.
Hypercorps certainly have power over the politics and lawmaking of the PC, but they do not have arbitrary power - as described in Sunward the PC is a democracy where occasionally politics doesn't go the way major interests want it to, the other hypercorps on the council will not allow one corp to gain an unfair advantage, and (IMHO most importantly) corporations require a sufficiently stable rule of law to function. If property and contract rights are not secure then they cannot function as companies. The whole hypercorp idea on using very flexible employment and management structures requires that you have a real job market. The fact that enough rule of law survived the Fall to maintain hypercorps is actually quite impressive (and feeds into the theory that the PC had a bit of inside information ahead of time that let them survive - the majority of pre-Fall companies did not survive as legal entities).
I think many people make the mistake of thinking that since the hypercorps are powerful and self-serving they will just ignore laws. But that assumes that the benefit of ignoring a law is larger than the problem of having others ignore laws that are to your benefit. If you start forknapping people, your competitors will forknap some of your key people. If you default on your loans, then nobody will lend you any money and you might find that people ignore your debt claims too.
There are a lot of studies showing how societies with high levels of trust and law-abidingness tend to do well - as well as the deleterious effects of the opposite. Trying to run things without the rule of law generally produces very low economic productivity, which is why hypercorps do maintain functioning legal systems even when they are not in their short-term interests.
The real trick is of course to do the criminal things in such a way that it doesn't undermine the standing of the hypercorp. Just like with states and companies in the real world this is a dynamical balance. A certain amount of dirty dealing is acceptable without being declared a rogue nation or criminal enterprise, and if you can suck up to the right other players you can get away with much more. But there are limits, and these limits can sometimes shift with surprising speed (just consider how Ghaddaffi managed to move from acceptable bombing target to crazy ally and back to bombing target).
Incidentally, the rule of law also benefits criminals. Criminal groups make money because they supply things and services that are banned and hence are artificially scarce. Yes, it might be a *good* thing WMDs, contract killings and slaves are scarce, but the law of supply and demand still holds: they become more valuable when demand is higher than supply and the criminals get bigger profit margins if the price goes up. Heavy enforcement just makes the price go *way* up. Also, having a functioning legal system makes things predictable - you can plan your criminal activities better, and invest the gains in a secure fashion. One of the main economic problems for most organised crime is that within the criminal world there is little rule of law, and hence there are massive overheads for ensuring that people stick to contracts, deterring defection and building trust. I suspect Nine Lives puts more investments into Extropia than Legba.
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Mea Culpa: My mode of speech can make others feel uninvited to argue or participate. This is the EXACT opposite of what I intend when I post.