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Perplexed comments on Harry Potter and the Methods of Rationality discussion thread, part 4 - Less Wrong
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It is a lot more important than just deterring similar acts. A failure to punish after having made a commitment to punish removes a big part of the deterrent effectiveness of all kinds of punishment for all kinds of 'bad things'. For that matter, it may decrease trust that the government/society will keep its other commitments - pension obligations, for example.