In China, the rich and powerful can hire body doubles to do their prison time
1–10 of 101 posts
Re: In China, the rich and powerful can hire body doubles to do their prison time
#2A good story for Marginal Revolution's "Markets in Everything"... which reminds me I should give it a visit.
Re: In China, the rich and powerful can hire body doubles to do their prison time
#3It's common in http://en.wikipedia.org/wiki/Third_world
Re: In China, the rich and powerful can hire body doubles to do their prison time
#4It's common in http://en.wikipedia.org/wiki/Third_world
According to the linked article, China is not part of the third world.
Re: In China, the rich and powerful can hire body doubles to do their prison time
#5In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
Re: In China, the rich and powerful can hire body doubles to do their prison time
#6In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
They would be if they killed someone though. I agree the American system isn't exactly fair either, but the problems are different from China's
Re: In China, the rich and powerful can hire body doubles to do their prison time
#7In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
There are various tiers in the intelligence of criminals.
Tier 1: Get caught. Go to jail.
Tier 2: Get caught. "Fix" the legal progress in your favor. Don't go to jail.
Tier 3: Bribe the people doing the enforcement. Don't get caught, because there is no one to catch you.
Tier 4: Bribe the people doing the law writing. Don't get caught, because you aren't doing anything "wrong" (technically speaking).
Tier 5: Buy out the mass media, so that no one thinks there is anything wrong about what you are doing any more. The clueless voter who lives from the juices of the media mogul is the tier 5 criminal's best friend.
IMO, most of the global financial system is somewhere between tier 4 and 5, with a bit of 3 (recruiting away the SEC regulators to big iBanks). Thankfully we still have a relatively free press in the US, so even if there is some lockdown there is a lot of ability to get alternative information.
Re: In China, the rich and powerful can hire body doubles to do their prison time
#8In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
That's a pretty loaded statement. Your implication is that the credit default swap industry is rife with fraud but it'd be helpful to be more specific about what that fraud is, who committed it, and why they're not receiving an appropriate punishment.
Re: In China, the rich and powerful can hire body doubles to do their prison time
#9In the USA they just buy the way out of the system - I mean look at all the people in prison for the default swaps and banking scandals. Oh wait, there aren't any.
They would be if they killed someone though. I agree the American system isn't exactly fair either, but the problems are different from China's
Re: In China, the rich and powerful can hire body doubles to do their prison time
#10Sounds like a great opportunity for a startup!