Earlier quoted context omitted.
> These people tend not to be the brightest. If they were, they'd generally find legitimate employment, A bit of survivorship bias at work here. Criminal activity is more so a function of risk tolerance than intelligence. However getting caught is certainly a function of intelligence. So your impression is that most criminals you read about being apprehended are people that seem to make many stupid mistakes. But this…
You're absolutely right that there is a lot of survivorship bias here. But I think even when controlling for that, my hypothesis is still likely true.
The book “The Mastermind” was about a guy who operated a nearly legal business that broke open the telemedicine industry, only to use the proceeds to fund wet works, piracy (not digital, like actually killing people and taking over vessels) and general shady stuff.
I think if you get a person who is motivated by money and power to a certain degree, they may actually prefer illegal business because there won’t be as much competition.