AuthorTopic: Cut and paste with a snarky woof.  (Read 7459 times)

Offline K-Dog

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Cut and paste with a snarky woof.
« Reply #15 on: November 04, 2019, 05:26:46 PM »

October 31, 2019
Cortinas de humo
"When a society is collapsing, all it can really do is beat off"--Horace J. Hardmember IV

It means smokescreens, which is what politics in the US and UK now boil down to. America beat off for 2 years with the Mueller Report--which came to nothing--and is now jerking off with impeachment, which will give us another year of meaningless distraction. It's little more than theater: party lines are so hard these days, that there is abs. no chance Trumpi will be convicted by the Senate (which requires a 2/3 vote). In addition, the impeachment--which probably will happen--can only serve to energize Trumpo's base, and win him the election for a second term. From the viewpoint of a declinist, what could be better? Trumpaloni has done a huge amount of damage since January 2017, and I believe we can look forward to even greater damage during his 2nd term. And then, god willing, he'll cancel the 2024 election and declare himself president for life. OK by me, amigos. So there's nothing to worry about, and only one thing to remember: Brexit, Schmexit. Also: Opa!

-mb

https://morrisberman.blogspot.com/
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Offline RE

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Re: Cut and paste with a snarky woof.
« Reply #16 on: November 04, 2019, 07:03:53 PM »

October 31, 2019
Cortinas de humo
"When a society is collapsing, all it can really do is beat off"--Horace J. Hardmember IV

It means smokescreens, which is what politics in the US and UK now boil down to. America beat off for 2 years with the Mueller Report--which came to nothing--and is now jerking off with impeachment, which will give us another year of meaningless distraction. It's little more than theater: party lines are so hard these days, that there is abs. no chance Trumpi will be convicted by the Senate (which requires a 2/3 vote). In addition, the impeachment--which probably will happen--can only serve to energize Trumpo's base, and win him the election for a second term. From the viewpoint of a declinist, what could be better? Trumpaloni has done a huge amount of damage since January 2017, and I believe we can look forward to even greater damage during his 2nd term. And then, god willing, he'll cancel the 2024 election and declare himself president for life. OK by me, amigos. So there's nothing to worry about, and only one thing to remember: Brexit, Schmexit. Also: Opa!

-mb

https://morrisberman.blogspot.com/

Well, Brexit or No Brexit, Impeachment or No Impeachment, Collapse will progress along here either way.

In both cases however, the trajectory is different depending which side wins.

As for Morris, I wouldn't bet a Plugged Nickel for his safety and well-being in Old Mejico as this shitstorm goes down.

RE
Save As Many As You Can

Offline K-Dog

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Cut and paste with a snarky woof.
« Reply #17 on: November 15, 2019, 06:31:49 PM »
Cut and paste.  It works better this way since it will take longer to roll off to oblivion (if I take the position it is not already there which I do not.) 

Knarf will have posted ten times before I finish writing this.



What is normal for the spider is dysfunctional for the fly.
Professor Jem Bendell writes on page 2 in the abstract portion of his Dec 2018 updated paper, Deep Adaptation: A Map for Navigating ClimateTragedy, “of an inevitable near-term social collapse due to climate change.” Then Bendell writes on page 3 in the introduction portion of the same paper “of a social collapse triggered by an environmental catastrophe,”.

The logic Bendell demonstrates here appears that of climate change and environmental catastrophe preceding, and therefore forming the precondition for, social collapse. This logic would seem to indicate that catastrophe would need to be inevitable for collapse to be probable.

Yet, on page 19 of this paper Bendell states, “I have chosen to interpret the information as indicating inevitable collapse, probable catastrophe and possible extinction.” This presents an opportunity to reform the logic supporting his interpretation.

Social collapse may well be inevitable due to deeper issues of which environmental catastrophe may also be symptomatic. The first issue that comes to mind is the human global Ecological Footprint Earth overshoot. This strongly correlates with the Club of Rome 1972 publication of, The Limits to Growth, edited by Donella Meadows.

The Global Footprint Network, an independent think tank founded in 2003, calculates the Ecological Footprint and bio-capacity of more than 200 countries and territories from 1961 to the present based on up to 15,000 data points. These calculations evaluate the capacity of the Earth to restore the resources consumed within a one year time period.

For example, the capacity of the Earth to replenish fresh water aquifers, rebuild fertile soil and recycle CO2 from the atmosphere is evaluated against human fresh water use, soil depletion and atmospheric CO2 produced from burning fossil fuels. The Global Footprint Network then determines when during the year human activity overshoots the capacity of the Earth to restore the consumed resources. In 2019, Earth Overshoot Day was July 29, the earliest ever.

This overconsumption of resources is enabled by drawing on stores accumulated over millennia. These stores are the resources Nature itself employs to restore the resources consumed. These stores may be understood as a goose who lays golden eggs, the golden eggs representing the restored resources available for human use each year.

Humanity, in exceeding the capacity of the Earth to restore resources, is killing the goose incrementally since the 1970s. This view is validated by the computer models used for the Club of Rome publication. While this may resemble the earlier conclusions of Malthus and Hobbs, notice that the Club of Rome and The Global Footprint Network base their work on global empirical data and system computer modeling rather than philosophical conclusions subject to personal biases.

Today through major media outlets we can also observe the widespread early evidence of global social collapse. Concurrent with global environmental degradation we can also witness the heightened fragility of the global financialization of capitalism exposed to the increasing threats of ethno-nationalism to trade and migration. This correlation does not necessarily indicate causation, as many others seem to prematurely conclude.

Rather, all these effects seem symptomatic of an underlying psychology. This underlying psychology generates behavior that embodies cognitive dissonance and therefore evidence of dysfunction. This dysfunction then becomes destructive to human society through internecine conflict and environmental destruction.

Sigmund Freud Opened a Door to Understanding
In letters written during 1931 &1932, Einstein queried Freud, “Why War?” Freud’s answer was grounded in his delineation of the conflict between “Eros” and “Thanatos”, the life instinct and the death instinct. This may be the most accessible explication of the core of Freud’s approach. This clearly reveals the normal psycho-pathology of human nature.

This Freudian approach carried forward into the construct of Melanie Klein, W.R. Bion and the Tavistock tradition. The primitive psychotic defenses identified by Melanie Klein as ‘innate/instinctive’ (Klein, 1952) and developed by Bion in his, Experiences in Groups, (Bion, 1961) lay unchallenged at the core of the Tavistock paradigm.

The Tavistock paradigm has been propagated globally to noteworthy institutions such as the A.K. Rice Institute for the Study of Social Systems at the Massachusetts Institute of Technology and the Brunel Institute of Organisation and Social Studies, National School of Government, Uxbridge (Middlesex) UK.

The evidence seems to indicate a near universal mental state assuming unlimited opportunity for growth, inexhaustible resources and an endless capacity for Earth to absorb waste products. This mental state now comes into direct conflict with paranoid-schizoid defenses emerging from the projection of an alter generated by a psychological split. These mental states are exhaustively documented and widely examined in professional psychology and psychoanalytic literature.

These mental states have long been considered normal for humanity. Freud, Klein, Bion and many others accepted these mental states as essential to human beings. These mental states provide the basis of the understanding and manipulation of both individuals and crowds as exemplified in the personalities and work of Gustave Le Bon, Hitler, Mussolini, Lenin and Edward Bernays.

While the normality of these mental states, now evident in dysfunctional conflict, has long gone unchallenged and now seems enshrined in apparently unassailable intellectual cannon, there is also advanced theory supported by cultural anthropological, historical and contemporary medical evidence. This advanced theory suggests that humanity can develop beyond its normal dysfunction.

This advanced theory relies upon evidence showing that these mental states producing the normal human dysfunction are learned rather than being hardwired into the human psyche. Since they are learned, they are therefore accessible to analysis and modification.

The entirety of existent human society has been built upon the normal dysfunction, the normal psycho-pathology, of human individuals and crowds. For this reason, social collapse is inevitable. Society will either collapse tragically as a result of its normal psycho-pathology or collapse when intentionally restructured somewhat elegantly and gracefully in the nick of time.

It will only be from the resolution of the question of the nature of social collapse that we will be able to understand if humanity faces probable catastrophe and possible extinction. We can perhaps yet manage the collapse of business-as-usual in a way as to avoid the worst case scenarios. But our window of opportunity to do so is rapidly closing.

https://www.linkedin.com/pulse/when-normal-dysfunctional-social-collapse-inevitable-jay-greathouse

So I went to linked in and left this:

Interesting.   A near universal mental state assuming unlimited opportunity for growth, inexhaustible resources and an endless capacity for Earth to absorb waste products is exactly the mindset Linked in wants to promote in all its Job Applicants. 

I agree that a planet-eater mental state is entirely cultural as there are cultures which have respected taboos before.  That is actually more the norm but a culture such as ours which is defined by endless competition and shallow values must inevitably collapse.  It is in the math.

The requirement to have a positive attitude, an essential aspect of the cultural experience of looking for work in America  stops all thought of dealing with social collapse making the required character attribute fatal.

Who would you hire ?

applicant A:  - I want to be part of winning team.

applicant B:  - I want to be part of a team that rises to the challenges it faces.

Applicant B upon examination is actually the better choice but for most people A gets the job and Linked-In is here to help make that happen IMHO.  B lacks the winning attitude.  Or it upon first impression, appears that way.

The physics of biosphere change will trigger social breakdown.  It is not an optional choice as you asserted in paragraph three.  Jem Bendell as do I, want people to come to their own conclusions regarding the facts of the biosphere.  We know we will be ignored by people who disagree with our personal interpretations.  All such people do is want to argue and Jem has better things to do with his time than defend his careful considered points of view with people who's only intent is to discredit him.

I have a link to an interesting video where Jem explains himself in the sidebar of my own website.

https://chasingthesquirrel.com/

And while I am here and since this is Linked in:  Does anyone want to hire a Radical Environmentalist Web developer?  I'm looking for work and I have other skills too.



I suspect Linked-In will shit can it quick.
« Last Edit: November 15, 2019, 06:57:46 PM by K-Dog »
Under ideal conditions of temperature and pressure the organism will grow without limit.

Offline K-Dog

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Cut and paste with a snarky woof.
« Reply #18 on: January 08, 2020, 12:35:50 AM »
Quote
"Felix," she said, "I'm sitting on a land mine, and I don't know what to do about it. Take a look at this file, and tell me what you think." The senator took the file, put on his reading glasses, and slowly read through the data. When he finished, he looked up at his wife. "Jesus," he exclaimed, "this certainly explains a lot. How do you think all that shit got there?"

"I have no idea," Sonia replied, "but I'm not sure that's the most important issue we need to address right now. The crucial issue is, What do I do with this information? With all that shit in their heads, I doubt most Americans would even be able to understand it. What's the point of your taking this info to your colleagues on the CDI if they are basically a bunch of shitheads?"

An excerpt from https://morrisberman.blogspot.com/  Project X
Under ideal conditions of temperature and pressure the organism will grow without limit.

Offline azozeo

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Re: Cut and paste with a snarky woof.
« Reply #19 on: January 09, 2020, 03:51:51 AM »
Quote
"Felix," she said, "I'm sitting on a land mine, and I don't know what to do about it. Take a look at this file, and tell me what you think." The senator took the file, put on his reading glasses, and slowly read through the data. When he finished, he looked up at his wife. "Jesus," he exclaimed, "this certainly explains a lot. How do you think all that shit got there?"

"I have no idea," Sonia replied, "but I'm not sure that's the most important issue we need to address right now. The crucial issue is, What do I do with this information? With all that shit in their heads, I doubt most Americans would even be able to understand it. What's the point of your taking this info to your colleagues on the CDI if they are basically a bunch of shitheads?"

An excerpt from https://morrisberman.blogspot.com/  Project X



Pulp fiction or Mandella Affected, U pick 'em.....
I know exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world.
You don’t know what it is but its there, like a splinter in your mind

Offline Surly1

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Re: Cut and paste with a snarky woof.
« Reply #20 on: January 09, 2020, 01:30:27 PM »
Quote
"Felix," she said, "I'm sitting on a land mine, and I don't know what to do about it. Take a look at this file, and tell me what you think." The senator took the file, put on his reading glasses, and slowly read through the data. When he finished, he looked up at his wife. "Jesus," he exclaimed, "this certainly explains a lot. How do you think all that shit got there?"

"I have no idea," Sonia replied, "but I'm not sure that's the most important issue we need to address right now. The crucial issue is, What do I do with this information? With all that shit in their heads, I doubt most Americans would even be able to understand it. What's the point of your taking this info to your colleagues on the CDI if they are basically a bunch of shitheads?"

An excerpt from https://morrisberman.blogspot.com/  Project X

You posted this yesterday and I made a mention one to go check Berman's blog since I hadn't in a while.

Looks like he's gone Jonathan Swift by way of Franz Kafka, with a faint note of Alzheimers. Funny.
With an ending even RE would have to love, since it involves a guillotine.

https://morrisberman.blogspot.com/2020/01/project-x.html
"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline Eddie

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Re: Cut and paste with a snarky woof.
« Reply #21 on: January 10, 2020, 08:17:52 AM »
Quote
"Felix," she said, "I'm sitting on a land mine, and I don't know what to do about it. Take a look at this file, and tell me what you think." The senator took the file, put on his reading glasses, and slowly read through the data. When he finished, he looked up at his wife. "Jesus," he exclaimed, "this certainly explains a lot. How do you think all that shit got there?"

"I have no idea," Sonia replied, "but I'm not sure that's the most important issue we need to address right now. The crucial issue is, What do I do with this information? With all that shit in their heads, I doubt most Americans would even be able to understand it. What's the point of your taking this info to your colleagues on the CDI if they are basically a bunch of shitheads?"

An excerpt from https://morrisberman.blogspot.com/  Project X

You posted this yesterday and I made a mention one to go check Berman's blog since I hadn't in a while.

Looks like he's gone Jonathan Swift by way of Franz Kafka, with a faint note of Alzheimers. Funny.
With an ending even RE would have to love, since it involves a guillotine.

https://morrisberman.blogspot.com/2020/01/project-x.html

Not bad. Not bad at all.
What makes the desert beautiful is that somewhere it hides a well.

Offline K-Dog

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Re: Cut and paste with a snarky woof.
« Reply #22 on: January 14, 2020, 06:50:27 PM »
A bit too hasty on English phrases.  Taking 'Pick Up Artist' to a whole new level he is.  But it won't work.


Lonely Japanese billionaire seeks 'female partner to go to the moon with him'



Quote
A lonely Japanese billionaire is seeking a "life partner" who can accompany him on his upcoming trip to the moon.

Yusaku Maezawa, the eccentric head of an online fashion empire with a net worth of approximately $2 billion, according to Forbes, famously paid his way to become the first private passenger to visit the moon with Elon Musk's aerospace company SpaceX.

I'm not going to cut and paste the whole thing.  It amuses strongly but not for long.  Like Chinese food.

https://abcnews.go.com/Business/lonely-japanese-billionaire-seeks-female-partner-moon/story?id=68245273
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Offline K-Dog

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Re: Cut and paste with a snarky woof.
« Reply #23 on: February 12, 2020, 01:05:20 AM »

A damn good read.

1 A Slow-Motion Looting

OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot. Corporate behemoths like Boeing and Wells Fargo have traded blue-chip credibility for white-collar callousness. Elite universities are selling admission spots to the highest Hollywood bidder. Silicon Valley unicorns have revealed themselves as long cons (Theranos), venture-capital cremation devices (Uber, WeWork) or straightforward comic book supervillains (Facebook). Every week unearths a cabinet-level political scandal that would have defined any other presidency. From the blackouts in California to the bloated bonuses on Wall Street to the entire biography of Jeffrey Epstein, it is impossible to look around the country and not get the feeling that elites are slowly looting it.

And why wouldn’t they? The criminal justice system has given up all pretense that the crimes of the wealthy are worth taking seriously. In January 2019, white-collar prosecutions fell to their lowest level since researchers started tracking them in 1998. Even within the dwindling number of prosecutions, most are cases against low-level con artists and small-fry financial schemes. Since 2015, criminal penalties levied by the Justice Department have fallen from $3.6 billion to roughly $110 million. Illicit profits seized by the Securities and Exchange Commission have reportedly dropped by more than half. In 2018, a year when nearly 19,000 people were sentenced in federal court for drug crimes alone, prosecutors convicted just 37 corporate criminals who worked at firms with more than 50 employees.

With few exceptions, the only rich people America prosecutes anymore are those who victimize their fellow elites. Pharma frat boy Martin Shkreli, to pick just one example, wasn’t prosecuted for hiking the price of a drug used to treat HIV from $13.50 to $750 per pill. He went to prison for scamming investors in a hedge fund scheme years before. Meanwhile, in 2016, the CEO whose company experienced the deadliest mining disaster since 1970 served less than one year in prison and paid a fine of 1.4 percent of his salary and stock bonuses the previous year. Why? Because overseeing a company that ignores warnings and causes the deaths of workers, even 29 of them, is a misdemeanor.

Construction magnate Bruce Karatz provides an infuriating case study of how the criminal justice system treats wealthy defendants. In 2010, Karatz was convicted of failing to disclose in a financial statement that he had secretly “backdated” his stock options (think Biff with the Sports Almanac in “Back to the Future II”) to boost his pay by more than $6 million. Prior to his sentencing hearing, his lawyer submitted letters of support from former mayor of Los Angeles Richard Riordan and billionaire philanthropist Eli Broad. Prosecutors recommended six-and-a-half-years in prison; the judge gave Karatz five years’ probation and eight months of house arrest in his Bel Air mansion. After two years, the judge terminated the remainder of the sentence. Karatz later received a civic award from The Malibu Times for volunteer work he did to make a good impression for his sentencing hearing.

Country-club nepotism and Gilded Age avarice are nothing new in America, of course. But the rich are enjoying a golden age of impunity unprecedented in modern history. “American elites have become more brazen than they were even five years ago,” said Matthew Robinson, a professor at Appalachian State University and the author of several books on “elite deviance”— all the legal and illegal social harms caused by the wealthy.

Elite deviance has become the dark matter of American life, the invisible force around which the country’s most powerful legal and political systems have set their orbit. Four members of the Sackler family, the owners of Oxycontin maker Purdue Pharma, have retained the services of former SEC head Mary Jo White as their personal lawyer. Epstein’s dinner party guest lists included Harvard professors, billionaire philanthropists and members of political dynasties in at least two countries. In 2017, the pharmaceutical company Novartis spent about 14 percent of its annual lobbying budget on payments to a shell company controlled by ex-Trump lawyer Michael Cohen.
Tax evasion siphons 10,000 times more money out of the U.S. economy every year than bank robberies. SOURCE: FBI; IRS.

And this clubbiness has human costs. Tax evasion, to pick just one crime concentrated among the wealthy, already siphons up to 10,000 times more money out of the U.S. economy every year than bank robberies. In 2017, researchers estimated that fraud by America’s largest corporations cost Americans up to $360 billion annually between 1996 and 2004. That’s roughly two decades’ worth of street crime every single year. As the links between corporations and regulators become increasingly incestuous, the future will bring more crude-soaked coastlines, price-gouging corporate behemoths and Madoff-style Ponzi schemes. More hurdles to suing companies for poisoning their customers or letting bosses harass their employees. And more uniquely American catastrophes like the opioid crisis and the price of insulin.

Perhaps the greatest myth about white-collar crime is that Americans struggle to understand it—as if chemical companies toxifying rivers or insurance executives gouging their customers fail to stimulate our moral intuitions. In fact, surveys consistently show that the vast majority of the population considers white-collar crime more harmful than street crime and powerful offenders more odious than common criminals.

Those intuitions are correct: An entrenched, unfettered class of superpredators is wreaking havoc on American society. And in the process, they've broken the only systems capable of stopping them.

2 An Increasingly Desperate Pantomime Of Legal Enforcement

EVERY YEAR, AT BRANDED COCKTAIL receptions and bloated buffet breakfasts, government agents spend two days hobnobbing with the tax-haven attorneys they spend the rest of the year investigating.

The Offshore Alert conference takes place in Miami each spring, in London each fall and in “key offshore jurisdictions” all year round. Officially, participants come to discuss “wealth creation, preservation and recovery.” Less officially, the tax lawyers come to learn what the feds will crack down on next year. The government investigators come to fish for future jobs. Imagine a yearly picnic where sheriffs give drug dealers tips on hiding baggies from pat-downs and leave with a new set of endorsements on LinkedIn.

In person, the conference is even more surreal than it sounds. From across a cologne-scented hotel lobby, I watched tanned attorneys fresh off flights from the Caribbean mingle with ashen IRS agents who bring business cards from Kinko’s because the agency won’t pay to get them printed anymore. I listened to officials from the FBI and SEC lay out enforcement priorities as cryptocurrency investors and Russian bankers took notes. At lunch, I talked “Game of Thrones” with a Senate advisor, a government auditor and a Bahamanian lawyer who later offered to set me up a shell corporation for $5,000.
“We killed a generation of agents,” said Arthur VanDesande, a former IRS investigator. “If you investigate mom and pop grocery stores for 20 years, you lose the ability to do Bernie Madoffs.”

The finance types were frosty during the day—an investor who appeared to be wearing monogrammed slacks wouldn’t tell me his first name—but they loosened up at the happy hours. An offshore tax advisor bragged that he could take his clients’ tax rates from 49 percent to 15 percent and complained that they were constantly pushing him to go lower. Another told me that most of his clients aren’t trying to hide money from the government but from their second or third wives. “The first one raised their kids so they feel like she’s entitled to something,” he explained. “It’s the trophy wives they want to lock out.”

Jack Albertson is a government investigator—that’s not his real name and he won’t let me get more specific about his job description—who has been coming to Offshore Alert for years. When I ask him how this cops-and-robbers conflagration even exists, he tells me I’m thinking about it the wrong way. He, like all the other investigators here, knows that many of the lawyers who attend are hiding their clients’ money sketchily or outright illegally. He even knows how they’re doing it. The tactics for hiding money from tax authorities are not particularly sophisticated and have barely changed in the last 50 years. Set up a shell company and buy an appreciating asset—Iowa farmland, a London apartment, a New York pizzeria, something common enough that it won’t attract attention.

Contrary to the “Catch Me If You Can” myth, Albertson said, solving financial crimes is not a cat-and-mouse game between cunning investigators and slippery con artists. Most of the time it is simply the blunt application of resources to a series of unimaginably tedious tasks. “Investigators can already crack almost any offshore account if they have enough time and money,” he said. “The problem is that they only get that for a few cases a year.”

Over the last four decades, the agencies responsible for investigating elite and white-collar crime—roughly speaking, the IRS, SEC, the Occupational Safety and Health Administration, the Environmental Protection Agency and FBI—have seen their enforcement divisions starved into irrelevance. More than a third of the FBI investigators who patrol Wall Street were reassigned between 2001 and 2008. Enforcement funding at the IRS has fallen by 23 percent over the last decade. And, worst of all, every time a scandal exposes the government’s inadequacy, Congress steps in to squeeze the regulators even harder.

The most instructive case of this deliberate stunting is the Consumer Product Safety Commission. Founded in 1972, the CPSC’s job is to make sure the things you buy won’t pierce, poison or burn you. In the 1980s, Ronald Reagan slashed its budget as part of his crusade against bureaucratic waste. In the 1990s, Clinton instructed the agency to produce more data as part of his push for government accountability. No matter which party was in power, every administration gave the CPSC more to do and less money to do it with. By 2007, it had shrunk from its initial 786 employees to just 420.

That same year, Mattel announced a recall of more than 1 million⁠ of its children’s toys that had been contaminated with lead paint. Despite the company’s sophisticated international operations and billions in revenues, it had never bothered to inspect the Chinese sub-contractors. By then, the CSPC had fewer than 100⁠ inspectors to monitor all imports to the United States. The Los Angeles-area ports where a chunk of the tainted toys arrived was overseen by a single part-time inspector.

Congress responded to the scandal by compounding the mistakes that had caused it. Lawmakers agreed to double the CPSC’s budget and increase its staff, but also obligated the agency to carry out dozens of new activities, including the creation of a public database to track safety hazards for every single product sold in the U.S.

The new mandate swallowed up all the agency’s new funding and more. Soon, the CPSC was dedicating nearly all of its time to lead abatement in children’s toys, neglecting millions of products that posed far greater risks to children, like flammable blankets or dangerous table saws. The product database filled up with unconfirmed complaints and spammy comments. Mattel, meanwhile, faced no consequences for manufacturing the lead-tainted toys beyond a $2.3 million fine—roughly 0.006 percent⁠ of its net income. According to Rena Steinzor, the author of “Why Not Jail? Industrial Disasters, Corporate Malfeasance, and Government Inaction,” the same cycle has repeated itself across every form of elite deviance, from tax compliance to financial regulation to environmental protection. In 2010, following a series of tax-haven scandals, the IRS set up a “wealth squad” to investigate the ultra-rich —but only staffed it with enough agents to perform 36 audits in its first two years.

After the Enron-led avalanche of corporate bankruptcies in the early 2000s, Congress gave the SEC enough funding to hire 200 new auditing staff. At the same time, however, lawmakers obligated the agency to review the filings of every publicly traded U.S. financial firm every three years—a mandate far larger than the agency’s new staffing levels. Then, after the financial crisis, it happened again: The Dodd-Frank act tasked the SEC with monitoring even more companies and trillions of new assets while increasing its enforcement staff by less than 10 percent.

This cycle has left America’s regulators with no choice but to engage in an increasingly desperate pantomime of white-collar law enforcement. On the outside, they report impressive performance statistics to avoid even more budget cuts. Behind the scenes, they’ve retreated to investigating only the defendants they know are guilty and the crimes they know where to find.

The primary beneficiaries of this shift are American elites. Rich people generate mountains of financial data. Millionaires can have over 100 bank accounts; billionaires’ tax returns run to 800 pages long. For people who earn most of their income from working (i.e. almost everyone), the IRS has an automatic system that compares individuals’ reports to the records submitted by their employers and banks. For the wealthy, who make much of their income from interest and investments, the agency has nothing to compare their reports against. The only way to tell if a rich person is cheating on their taxes is to sit down and go through them line by line.
In 2018, prosecutors convicted just 37 corporate criminals who worked at companies with more than 50 employees. SOURCE: U.S. SENTENCING COMMISSION.

“Let’s say you get a tip that some billionaire is hiding a bunch of money offshore and not paying taxes on it,” said Arthur VanDesande, who spent 25 years as a criminal investigator for the IRS. “And you manage to narrow the tax evasion down to 20 of his bank accounts. OK, now you have to prepare 20 subpoenas, get them signed by a judge and deliver them to the banks. But when you go to Bank of America, they say, ‘We don’t accept subpoenas at this location, you have to go to our authorized representative in Orlando.’ So then you go to Orlando and and you find out the money is linked to an offshore account. So then you have to write to the embassy...’”

Due to the IRS' lean resources, VanDesande did most of this legwork himself. “You type your own shit, you make your own copies, you write every single affidavit. Sometimes you feel like, ‘I’m a senior-level person with a college degree. Why am I calling Wells Fargo and sitting on hold for 45 minutes?’”

Only some of this drudgery can be outsourced to lower-level staffers. White-collar cases involve understanding arcane laws, absorbing thousands of pages of documents, traversing international jurisdictions and coordinating a vast array of agencies from the Secret Service to the Post Office. They require investigators to be Jack Ryan, Magnum P.I. and Leslie Knope all at once. Even though auditing millionaires and billionaires is one of the most cost-effective government activities imaginable—an independent report estimated in 2014 that it yielded up to $4,545 in recovered revenue per hour of staff time—the IRS investigated the returns of just 3 percent of American millionaires in 2017.

In addition to reducing their caseload, America’s white-collar enforcement agencies have started prioritizing crimes they can prosecute in bulk. In 2017, the Department of Justice took on 889 prosecutions for identity theft (which, according to a 2010 survey, is estimated to cost individuals $371 out-of-pocket) and just 24 for antitrust violations. According to a ProPublica report, 43 percent of all tax filers audited by the IRS earn less than $56,000 per year. Roughly one in six of the SEC’s enforcement actions in fiscal 2019 were against financial firms for filing paperwork late—a six-fold increase since 2004.

Helen Richmond, a paralegal in a white-collar prosecutor’s office (that’s not her real name), said most of the defendants her office pursues are “either dumb or unlucky.” She’s worked on cases against money launderers who named stolen items on their wire transfers and fraudsters who sent emails with recipe-like details of their schemes. Criminals with even a scrap of sophistication, Richmond said, mostly avoid detection.

Another bargain-hunting strategy is to try cases in administrative proceedings rather than civil courts, an innovation that reduces hearings from months to hours. The downside, though, is that these cases largely play out in secret, resulting in fines rather than prison time and don’t compel defendants to testify, turn over evidence or admit guilt. In 2007, the SEC filed 60 percent of its settlements in civil courts. In 2015, that proportion was 17 percent. In 2014 and 2015, the agency didn’t file a settlement against a single U.S. Wall Street firm.
One of the most conspicuous aspects of white-collar cases is the doting, near-veterinary care with which judges try to prevent defendants from facing harsh punishment.

According to former OSHA assistant secretary David Michaels, these strategies are designed to achieve the all-consuming yet unstated goal of every regulation agency in America: Make yourself look more powerful than you are. The best way to do this is to focus on the cases that will yield the maximum deterrence for the lowest cost. At OSHA, Michaels said, “we would issue press releases announcing waves of random inspections so employers would look at their hazards. We never told them we only planned to do a few inspections.”

Similarly, the IRS has explicitly instructed agents to prioritize cases likely to generate headlines. (Ever wonder why so many B-list celebrities get busted for tax evasion?). Federal investigators go after media punching bags like Martin Shkreli, Martha Stewart and Fyre Festival scammer Billy McFarland to make the public think criminal prosecutions are routine. They’re not: In a case-by-case analysis of the 216 alleged large-scale corporate frauds discovered between 1996 and 2004, researchers found that the media uncovered twice as many as the SEC.

And so, after decades of operating in survival mode, white-collar enforcement agencies are better at reporting success than producing it. In a 2016 study, a Georgetown University School of Law professor named Urska Velikonja discovered that while the SEC reported a steady rise in prosecutions between 2002 and 2014, most of the increase was statistical padding. When a trader was charged with fraud and then lost her license to trade securities, for example, the SEC logged the sanctions as two separate cases. When the agency was in danger of posting sluggish performance stats for the year, investigators filed dozens of slam-dunk cases in September to catch up. As Velikonja put it, “they’re engaging in their own version of accounting fraud.” (The SEC declined to comment.)

For the agents charged with cracking offshore tax schemes and protecting consumers from lead-painted Elmo collectibles, this charade is profoundly demoralizing. “We killed a generation of agents,” VanDesande said. “If you investigate mom and pop grocery stores for 20 years, you lose the ability to do Bernie Madoffs.”

VanDesande has spent months building cases only to have the DOJ toss them with little explanation. Richmond, the paralegal, tells me federal and state prosecutors have been playing hot potato with one of her cases for months because they can’t justify an expensive prosecution for a fraud that adds up to the low six digits. During his first year on the job, Lewis Winters, an SEC examiner (and another government employee who couldn’t use his real name), had an investigation of a shady CEO rejected by the agency's enforcement division. Even though he had found plenty of violations, the crimes just weren’t … grand enough for the agency to pursue.

“It felt personal,’” Winters said. “Why did I spend three months examining this guy if enforcement just goes, ‘meh’?”
3 Defining Deviance Downward

ENRON USED TO BE CONSIDERED the capstone to the Golden Age of white-collar prosecutions, a shining example of the system working like it’s supposed to. Weeks after the company filed America's then-largest corporate bankruptcy, federal agents searched its headquarters and discovered a $63 billion game of three-card monte. Using an intricate network of off-the-books shell companies, Enron executives made loans look like income and debt look irrelevant. The year before the company collapsed, its leaders had falsified 96 percent of its net income and 105 percent of its cash flow.

Between 2002 and 2006, the FBI’s Enron Task Force filed charges against more than 30 architects of Enron's fraud. Investigators discovered a “shred room” at the company’s financial auditor, Arthur Andersen, and convicted the company of obstruction of justice. Four Merrill Lynch bankers were found guilty of helping Enron falsify its financial returns by purchasing three Nigerian barges. Task force agents convinced the company’s chief financial officer to testify against his higher-ups by threatening to charge his wife with a felony. He flipped; they convicted her of a misdemeanor.

Eventually, after a five-year investigation, Enron founder Ken Lay and former CEO Jeffrey Skilling were convicted of securities fraud and a meal deal of lesser charges. Though Lay died at a rented mansion in Colorado shortly afterwards, Skilling got 24 years in prison. At the time, it was one of the longest white-collar sentences in U.S. history. Prosecutors called it a victory. Skilling’s lawyers called it just the beginning.

As soon as the nation turned its attention elsewhere, Skilling’s lawyers began quietly dismantling his sentence. They filed appeals objecting to the statutes used to convict him, the trial’s Houston location and the questionnaires filled out by potential jurors. In 2013, citing the “extraordinary resources” it had spent prosecuting and defending Skilling’s conviction, the Department of Justice agreed to cut ten years off Skilling’s sentence if he promised not to file any more appeals. He was released in February 2019 after serving less than half his original sentence.

The rest of the FBI’s victory has crumbled under the same blitzkrieg of high-priced lawyering. The Supreme Court overturned Arthur Andersen’s conviction in 2005. The convictions of three of the Merrill Lynch bankers were vacated after they convinced an appeals court that they were merely trying to “solidify business relationships” rather than acting for personal gain. In the end, just 18 people served prison sentences (by comparison, more than 500 served time for the savings and loan crisis of the 1980s and early 1990s). Fourteen of them served fewer than four years. Andrew Fastow, the mastermind of Enron’s network of shell companies, now makes his living lecturing business school students and fraud investigators about how he did it.

Nearly every high-profile corporate scandal has the same overlooked epilogue. The wealthy have always attempted to spend their way to lighter sentences, but in the last two decades, the American judicial system has become increasingly willing to let them.
Fraud by large corporations costs Americans up to $360 billion per year—the equivalent of two decades’ worth of street crime. SOURCE: NEW YORK UNIVERSITY, DRUG AND ALCOHOL DEPENDENCE.

“We’ve seen a concerted effort to define deviance downward,” said Paul Leighton, a professor at Eastern Michigan University and the co-author of “The Rich Get Richer and the Poor Get Prison.” “We’ve made felonies into misdemeanors, misdemeanors into torts and torts into regulatory offenses.”

Honest services fraud, for example, is the subsection of mail and wire fraud that prohibits companies from lying to customers to get their business and CEOs from lying to investors after they’ve already been hired. Think of a mechanic telling you that your perfectly functional transmission is busted, then telling you it will cost $2,000 to fix it. He hasn’t defrauded you exactly—he really will replace your transmission—but he used his position of authority to scam you into paying for something you didn’t need.

Since 1909, prosecutors have used the honest services fraud provision to go after companies that lie to boost their stock price and politicians who give golfing buddies lucrative procurement contracts. District Court Judge Jed Rakoff, a former white collar prosecutor, once referred to the statute as “our Colt 45, our Louisville Slugger, our Cuisinart.”

But over the last three decades, the Supreme Court has taken the law apart piece by piece. In 1987, the Rehnquist Court ruled that the statute should never have been used to protect the so-called “right to honest services.” In 2010, the court restricted its application to public-sector bribery and kickbacks. From now on, the lying mechanic is breaking the law only if someone else is paying him to scam you.

Based on that ruling, several white collar criminals—including, wait for it, Jeffrey Skilling—had their sentences or convictions vacated. This year, two former Chris Christie underlings will tell the Supreme Court that orchestrating the "Bridgegate" conspiracy, in which they deliberately orchestrated traffic jams to get revenge on a Democratic mayor, is no longer illegal under the new, narrowed definition. If the Supreme Court agrees, the law will get even weaker.
There will never be a wake-up call for corporations; the justice system doesn’t do that anymore.

Other white collar statutes have suffered the same slow strangulation. In 2006, a district court judge reaffirmed the right of companies to pay the legal fees of their executives, effectively giving every C-suite defendant the same deep pockets as their corporate employer. Since 1996, the Supreme Court has consistently blocked plaintiffs from receiving punitive damages, arguing that large punishments deprive corporations of their due process rights. In 2016, the court ruled that federal bribery law only applies to politicians who traded official acts for personal benefit—the kind of immediate, explicit kickback that rarely happens outside of corporate HR training videos.

“Criminal law used to be more closely aligned to our moral intuitions,” said Will Thomas, a University of Michigan professor who studies corporate liability. “We still talk about it like it’s a guiding moral force, but it’s a much more administrative process now.”

Today, Thomas explained, judges are more willing to disregard the consequences of their rulings (like, say, an Enron-scale fraud going unpunished) in favor of resolving obscure procedural ambiguities. In 2017, for instance, a case against New York financier Benjamin Wey was dismissed after he successfully argued that the search warrant used to gather evidence against him was overly broad and vaguely worded.

The confounding thing about these challenges is that they often highlight real weaknesses in the criminal justice system. American law is a contradictory jungle of century-old statutes and arbitrary definitions. Lying to government investigators, for example, is prohibited by at least 215 separate laws, each with their own standard of proof. Mens rea, the concept of “guilty mind” central to establishing criminal liability, has more than 100 definitions across various statutes.

So of course wealthy defendants win cases by arguing that fraud statutes and insider trading rules are poorly written. They are. But so are the rest of the laws. (Numerous state anti-gang statutes, for example, define "gang" so imprecisely that they could apply to most sororities.) The only difference is that white-collar defendants have the ability to dispute every step of the process used to convict them—and a judicial system all too happy to oblige.

One of the most conspicuous aspects of white-collar cases is the doting, near-veterinary care with which judges try to prevent defendants from facing harsh punishment. In 2014, a Colorado judge ruled that two farm owners whose tainted cantaloupes caused a listeria outbreak and killed 33 people couldn't be sent to prison because it would interfere with their ability to earn income for their families. As he announced a sentence of five years probation, the judge explained, “I must deliver both justice and mercy.”
More than 50% of auditors for the country’s largest companies said they had been asked to falsify internal audit reports. SOURCE: INSTITUTE OF INTERNAL AUDITORS.

According to a study by the Federal Judicial Center, four out of five judges in federal courts (where the vast majority of white-collar cases are decided) are white. A 2010 survey found that they have an average age of nearly 70. Their base salary is $210,000 per year.

It is, as one of those high-priced lawyers might say, improbable that these demographic and economic facts exert no influence whatsoever on judges' rulings. In a 2012 review of sentencing data in Florida, researchers found that “high-status” white collar criminals, such as doctors scamming Medicaid, were 98.7 percent less likely to receive prison terms than welfare fraudsters. A 2015 study found that judges showed increasing mercy as fraud offenders moved up the income scale: Criminals who stole more than $400 million got sentences that were less than half of the minimum recommended by federal guidelines. Criminals who stole $5,000 or less served sentences well over the minimum.

“When you zoom out, you see all the ways that bias accumulates throughout the system,” said Justin Levinson, a University of Hawaii professor and the editor of “Implicit Racial Bias Across The Law.” Sentencing guidelines prescribe lighter punishments for first-time offenders and criminals who can afford to pay restitution. Evidence rules make it nearly impossible to seize records or computers from corporations. Jury selection weeds out the poor, the less educated and minorities.

And then there’s the matter of criminal liability. For many low-level crimes, prosecutors have to prove that a defendant should have known a crime was taking place. If a renter deals drugs out of her apartment, her landlord can be prosecuted. If you loan your friend your car and he commits a murder while driving it, you can be charged with murder, too. For executive-level crimes, however, the bar of criminal liability is set impossibly high: Prosecutors have to prove that defendants knew their actions were illegal and did them anyway. This myopic focus on intent means that white-collar trials often come down to the question of whether the defendant was the kind of person who would commit a criminal act.

John Lauro, an attorney who has represented healthcare and financial executives, said he always emphasizes the complexity of white-collar crimes to the jury—financial disclosures are so technical! How could my client possibly know that stock wasn’t going to pan out? He also plays up the upstanding-citizen angle. The first thing he does when he lands a new client, he said, is visit their homes and meet their families.

“I bring in things like their marriage, their kids and whether they coach little league,” he said. “The prosecution always wants to dehumanize them. They call my client ‘the defendant.’ I’ll call him by his first name until a judge tells me to stop.”

The only way to get around this, said Sarah Larkin, a securities fraud prosecutor in Manhattan (she couldn’t speak on the record, so that’s not her real name), is to make every crime seem as simple as possible. It’s lying, it’s cheating, it’s stealing. She structures every trial like a crash course, spending days explaining how the stock market works and what acronyms like SEC, CDO and GAAP stand for. Before she can convince jurors that the defendant lied on a financial statement, she has to do a week-long “Big Short” interlude to teach them what a financial statement even is—without the help of Margot Robbie in a bathtub.

“And after all that,” she said, “you still have to make the case for why this person who looks very upper-middle-class and has a family sitting in the back row should be branded a criminal. It’s a heavy lift.”

The near-impossibility of establishing white-collar defendants’ motives combines with the high standard of reasonable doubt to create a paradox. Most Americans have a visceral aversion to greedy executives in general. Introduce them to a single banker and a specific crime, however, and their moral outrage often melts away. As Sam Buell, a Duke University law professor, told me: “Put people on a jury and they’ll say, ‘Gee, it seems like this guy was doing his job, so I don’t think it was a crime.’”

Take the case of Brian Stoker, a Citigroup employee who was charged in 2011 with marketing risky investments (one trader called them “dogsh!t” in an internal communication) as safe bets. According to the SEC, the bank made $160 million while investors lost $700 million. In his closing argument, Stoker’s attorney showed the jury an illustration from a “Where’s Waldo” book. Their client was a nobody, he suggested, a scapegoat for the culture of high-stakes gambling that had taken over the entire financial sector. Why make him a patsy when everyone else was doing the same thing?

The jury declared Stoker not guilty. But in the same envelope as their decision, they included a handwritten note. “This verdict,” it read, “should not deter the S.E.C. from continuing to investigate the financial industry.” In other words: Keep trying to lock up greedy bankers. Just not this one.

And this is it, the Rosetta Stone for understanding why judges are so comfortable explaining away the misconduct of corporate executives; why Congress never strengthened the castrated white-collar statutes; why so few pharmaceutical executives have been imprisoned for the opioid crisis and only a single banker went to prison for the financial crash. American law is incapable of prosecuting crimes in which elites use their legitimate power for nefarious ends.
3% of the millionaires who filed tax returns in 2017 were audited by the IRS. SOURCE: TRANSACTIONAL RECORDS ACCESS CLEARINGHOUSE AT SYRACUSE UNIVERSITY.

“The way businesses harm people is the same way they interact with them normally,” Albertson said. Banks collect debts and foreclose on homes every day. Banks give out home loans every day. When they entice customers into unaffordable mortgages or foreclose on borrowers tricked into signing loans they can’t afford, the courts can’t tell the difference.

This insight also explains why the legal system applies the opposite logic to organizations run by the rich and organizations run by the poor. Teenage gang members who argue that they committed crimes due to the culture of the Crips or the Latin Kings receive harsher sentences—stealing money for yourself is bad; stealing money for a criminal organization is worse. Corporate defendants who claim they committed crimes due to the internal culture of Goldman Sachs or HSBC, on the other hand, get lighter sentences—how could an individual possibly be held accountable for something everyone else was doing?

And so, as they lose the ability to prosecute high-level crimes and elite offenders, many of America’s criminal justice institutions have simply stopped trying. Of the 649 companies prosecuted by the Department of Justice since 2015, only eight were convicted in court. The rest either took settlements or negotiated themselves a deferred prosecution or non-prosecution agreement.

These arrangements, like so many other aspects of America’s white-collar enforcement apparatus, represent the cynical perversion of a benign idea. Deferred prosecution agreements were created in the 1930s to allow first-time juvenile offenders to avoid jail time if they followed probation rules and didn’t reoffend. Since the early 1990s, prosecutors began extending the principle to corporations: If you agree to investigate your own crimes, turn over evidence against your employees and change your internal policies, we won’t take you to court.

Since then, deferred prosecutions have become one of the primary engines of American impunity. They don’t require companies to explicitly admit guilt and don’t apply steeper punishments to repeat offenders. While courts often appoint independent monitors to make sure corporations comply with the terms of their probation, these reports aren’t released to the public. Since 1999, only three companies have ever been prosecuted for violating the terms of their agreements.

“Criminal law isn’t just about deterrence, it’s about moral education,” said John Coffee, the director of the Center on Corporate Governance at Columbia Law School. “You show the public that a crime occurred and how terrible its impact was. We’re missing that catharsis now.”

4 The Conundrum Of Overdue Consequences

FOR MULTINATIONAL GROCERY STORE CHAINS, self-checkout kiosks are a no-brainer. They save space, cut costs and speed up lines for shoppers. There is, however, one downside: Allowing customers to scan their own groceries dramatically increases the proportion of people who shoplift.

What self-checkout kiosks provide, researchers have found, is plausible deniability. If a security guard spots you slipping a pack of Tic-Tacs into your pocket, there’s no way to cast yourself as anything but a thief. If he catches you keying in a $10 bag of trail mix as a $2 bag of lentils, you can call it a mistake—oops, I must have typed in the wrong code! Perpetrators, especially middle-class white ones, know that if they get caught, everyone from the store manager to a small-claims court judge is likely to give them the benefit of the doubt. Self-checkouts turn shoppers into shoplifters by providing them with an opportunity to steal and a ready-made excuse to get away with it.

Nearly all criminological research indicates that crime rates depend more on environments and incentives than the intrinsic morality of offenders. It’s why shootings spike on hot days and drivers speed up on wider streets. People aren’t good or bad; they drift into good or bad behavior when one or the other is rewarded.

You can see where I’m going with this. Since the 1980s, Wall Street, Congress and the courts have systematically encouraged American elites to commit more and larger graft. “Corporate culture warps people,” said Mihailis Diamantis, a University of Iowa professor who specializes in corporate crime. “They’ve been placed in institutions that facilitate lawbreaking and predispose them to break the rules.” Since 2009, the percentage of employees at large companies who report that they’ve been pressured to commit ethical breaches has doubled. In a 2015 study, more than half the auditors for the country’s largest companies said they had been asked to falsify internal audit reports. In Ernst & Young’s 2016 Global Fraud Survey, 32 percent of American managers said they were comfortable behaving unethically to meet financial targets.
32% of American managers said they were comfortable behaving unethically to meet financial targets. SOURCE: ERNST AND YOUNG 2016 GLOBAL FRAUD SURVEY.

And just like those shoppers standing in front of that unmanned kiosk, the scriptures of corporate America discourage white-collar criminals from reckoning with the reality of their crimes. Larkin, the Manhattan prosecutor, said that when she used to prosecute murderers, they would strike a plea deal and then immediately open up—here’s why I stabbed him, here’s where I hid the knife. Once she switched to elite criminals, she was floored by their utter refusal to take responsibility. “They minimize and make excuses,” she said. “They believe in their own brilliance. They keep saying what they did wasn’t really wrong.”

Jack Blum, a former staff attorney for the U.S. Senate, calls this impunity “the most urgent issue in America.” In Russia and Ukraine, as government capacity deteriorated during the 2000s, oligarchs increased spending on bribes, lobbying and parallel systems of power—their own private security forces, their pet media institutions. The same thing is already happening here: According to a 2016 analysis, political lobbying and regulatory maneuvering have eclipsed research and development as the primary reason for rising corporate profits. In a country of declawed regulators and untouchable executives, dishonest companies will increasingly drive out honest ones.

So how do we stop this? The obvious temptation is to bring back the glory days of white-collar prosecutions, to lengthen the sentences for CEO dirtbags and finally arrest the bankers that got us into the financial crisis. It felt good to hear that Martin Shkreli cried at his sentencing hearing, damn it. America deserves the catharsis of overdue consequences.

But retribution has been the government’s approach for decades. Every corporate scandal since the savings and loan crisis has produced a wave of prosecutions and a sprint to strengthen white-collar punishments. The maximum penalty for the most common securities fraud charge is already 20 years in prison and a $5 million fine. Bernie Madoff is 120-odd months into a 150-year sentence. It might feel good, but there’s little indication that handing out life sentences for the bankers who caused the last crash will prevent the next one.

That’s because criminologists have consistently found that increasing the likelihood of punishment works better than increasing its severity. In a study of wastewater discharge from chemical plants, researchers noticed that managers who received large but inconsistent fines actually started emitting more toxic chemicals. The harsh penalty may have made them resentful for being singled out for something everyone else was doing—and the low probability of getting caught twice encouraged them to increase their lawbreaking to catch up with their competitors. Locking up one corporate criminal out of a million might make the other 999,999 feel even more entitled and invincible than they do now.

And yet elites, like everyone else, do change their behavior after experiencing immediate, reliable consequences. Three independent studies have found that when the wealthy get their taxes audited, they cheat less the following year. In 2008, Norway offered a “tax amnesty” to its richest residents. If they reported their overseas wealth and paid taxes on their hidden income, they would be immune from prosecution. For the next four years, the targets of the amnesty reported a 60 percent increase in their net worth and paid 30 percent more in taxes.

“If you follow a company over its life cycle, studies have found that most of them engage in some kind of lawbreaking and almost all of them reoffend,” said Sally Simpson, a University of Maryland professor and the author of “Understanding White-Collar Crime: An Opportunity Perspective.” “The way you get deterrence is by showing them they’re being watched.”

In a 2016 review of dozens of studies on corporate crime and deterrence, researchers found that nearly every individual strategy for punishing companies and executives had little to no deterrent effect on its own. The only thing that consistently worked was to combine them— warnings from government agencies, surveillance of the worst actors, harsher punishments for repeat offenders and, yes, at the top of the ladder, criminal prosecutions for corporations that refused to shape up.

This is hardly some exotic, untested concept. When it comes to every other form of crime, law enforcement agencies are perfectly comfortable cracking down on offenses at every level. This is the country that invented three-strikes laws and “broken windows” policing. When it comes to street gangs and drug distribution networks, the criminal justice system has no problem simplifying complex criminal liability questions into four simple words: You should have known.

“The law is just a way of saying that an immoral act is something we’re not going to tolerate anymore,” said Robinson. “It’s up to us to decide what’s a crime and what isn’t. We do it all the time.”

We’ve just never done it for the immorality of elites
Under ideal conditions of temperature and pressure the organism will grow without limit.

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Re: Cut and paste with a snarky woof.
« Reply #24 on: February 12, 2020, 02:23:19 AM »
That was a good article and I believe the true source of the faux Trump prosperity.  It resonates with my belief that Trump is expert at squeezing the last dollop of toothpaste out of a toothpaste tube leaving none for you.  A special kind of parasite.  A scavenger feeding on tables scraps who leaves no leftovers.

Albert Bates has something good up on Resilience but I'm cutting and pasting something else.  This was in the YouTube comment stream at Sam Mitchell's Collapse Chronicles.

Hi Sam! Glad you were able to share this tonight. I'll try to answer your question. I used to think that when oil peaked it would just keep getting more and more expensive, and gas prices would just keep going up and up. Turns out, we were all wrong about that, because we were treating oil as just another commodity. But oil isn't just another commodity. Oil is everything and everything is oil . The food you eat? Oil. Every calorie has about 10 calories of oil behind it. The clothes you wear? The computer in your lap? It's ALL oil, in the form of embodied energy. That is, almost everything you eat, use, or buy represents a quantity of oil: it took oil to mine it, grow it, make it, transport it, and eventually use it.

Since oil is in everything, the price of oil can't just go up with respect to other commodities, because the cost of everything automatically rises with it. Because remember, it's ALL oil. An interesting paper from 2014 titled "Energy, EROI and Quality of Life" showed something very interesting: The amount of energy needed to bring a dollar's worth of oil to market (the oil's embodied energy, in other words) is always roughly the same as the amount of embodied energy in a dollar's worth of all other goods and services. What this implies is that the cost of energy translates directly into the cost of everything else.

Now, this can be a bit of a mind-bender, so I'll try to be as clear as I can. What happens when the cost of everything goes up at once? I don't mean the price, I mean the cost. You actually get a deflationary pressure! Instead of prices rising, prices fall--precisely because the real cost of everything is going up. Because there's less energy available, everything has to slow down. Fewer things get made. Jobs pay less because less, in real terms, is being traded or sold. And, crucially, the economy can't afford to buy as much energy, precisely because the energy cost of that energy has risen (i.e., its EROI has declined). This seems very counter-intuitive, I know, but history bears this out. In a slowing economy the chief problem is deflation, not inflation.

This sheds light on another riddle of the modern economy. The Fed keeps "printing money" by buying up bonds and flooding the markets with cash (which has all gone into the stock market, by the way, or used by corporations to buy back their stock, and overpay their executives). It has been doing this for more than 10 years, and other central banks around the world likewise, yet inflation is almost non-existent. In a normal universe, printing too much money causes inflation, eventually hyperinflation. But in a period of economic contraction there is too much deflationary pressure; printing money as fast as it can is the only thing the Fed can do to prevent a deflationary crisis.

Yet the economy is getting ready to shrink fast when the fracking party comes crashing down, and then who knows? The rubber band might just snap back, and rapid deflation could be followed by hyperinflation as too many dollars go chasing after far too few goods and services. Lots of people smarter about this than I am seem to think so.

In the meantime, the economy can't afford the cost of oil. Because of the abysmal EROI of tight oil, and the declining availability of sweet crude, the net energy available to civilization is looking to decline quickly, so it can't afford to maintain its own supply at prior rates of consumption. This manifests as an unbridgeable gap between the price of oil and its costs; the price is too low to make it economical to keep producing it. This will continue until the next big correction has taken place, and the size of the economy has permanently shrunk. There will then be a realignment, and energy will once again become economic to produce, but only on the basis of a much smaller economy, with much lower per-capita energy usage.

This is good news for the planet, at least. Maybe we won't get the chance to make it completely uninhabitable after all. But it's going to be a rough ride for those of us going through the correction.



That was Sidney Smith

And Albert has some interesting things to say over there at Resilience.  The wagon rolls along one wheel broken but everyone still sings a happy song.

Cunningham said there have been more than 200 bankruptcies in the oil and gas sector since 2015, which shows that the fracking industry is still an unproven business model. As Richard Heinberg warned in Snake Oil, back when the boom began, fracked oil and gas declines very rapidly once a well is tapped — 60 to 90% are gone within 3 years. Fracked oil gives way to fracked gas, but oil is worth money and gas is not. Steep decline rates mean you must keep drilling, which means you must raise more money. The fracking boom is built on Ponzi’d debt. Share prices are now collapsing, banks are cutting the spigot, and bankruptcies are cascading. 1.9 million new oil and gas wells will need to be drilled to replace those that are drying up. $13 trillion will need to be spent to drill all those wells but lenders are drying up. Prices for gas are too low to produce profits, and oil prices are down too because there is too much of it that can’t move out of fields in Illinois, Pennsylvania, and Oklahoma, so share prices are falling, lenders are not interested and companies are going bankrupt.

Stephan and Chenoweth found that despite being twice as successful as violent conflicts, peaceful resistance still failed 47% of the time to accomplish its goals. Looking at 323 violent and nonviolent civil resistance and social movements from 1900 to 2006, the researchers learned that although the exact dynamics will depend on many factors, around 3.5% of a nation’s population actively participating in the protests is enough to ensure lasting political change. For a nation like the US, that would be 11 million people.


That was Albert Bates

In sleep the articles may connect.  Albert was writing about Standing Rock.  Water Protectors had an economic effect.





Did the Standing Rock water protectors know when they camped in the snow that they would so increase the cost of oil production that they would bankrupt hundreds of companies? No. In the end, they were forcibly evicted and the pipeline laid under their rivers and lake and over their sacred sites.
« Last Edit: February 12, 2020, 03:00:42 AM by K-Dog »
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Re: Cut and paste with a snarky woof.
« Reply #25 on: February 15, 2020, 03:41:45 PM »
Under ideal conditions of temperature and pressure the organism will grow without limit.

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Re: Cut and paste with a snarky woof.
« Reply #26 on: February 15, 2020, 04:45:39 PM »


 :emthup: :emthup:

Yeah, me neither.
"Do not be daunted by the enormity of the world's grief. Do justly now, love mercy now, walk humbly now. You are not obligated to complete the work, but neither are you free to abandon it."

Offline K-Dog

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She is a gas.
« Reply #27 on: March 15, 2020, 01:46:23 PM »
<a href="http://www.youtube.com/v/cuQZ6rALub8" target="_blank" class="new_win">http://www.youtube.com/v/cuQZ6rALub8</a>

Corona is rightly top story but a full on assault on western civilization on all fronts is the best strategy.  Now is a time when people might actually begin to think some things in life are more important than apathy.
Under ideal conditions of temperature and pressure the organism will grow without limit.

 

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