alt Hacker NewsWhen power is concentrated to the government, the corruption is concentrated with it. Incarceration and the end of privacy don't restore the victims. A consumer protection bureau could bring a civil suit against Polymarket to pay the journalist.
Replies
Forgeties79 • yesterday at 4:09 PM
> If the penalty for a crime is a fine, then that law only exists for the lower class.
xvector • yesterday at 4:01 PM
A lawsuit would just be the "cost of doing business" for Polymarket. Until there is no skin in the game, there will be no change or accountability.
If CISOs can be held criminally liable for data breaches, the rest of C-suite can be held criminally liable for their own decisions as well.
In this case, the guy knowingly operates a betting market that illegally does not require KYC.
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> When power is concentrated to the government, the corruption is concentrated with it.
This is a hackneyed neoliberal fundamentalist myth.
If power is concentrated anywhere, it should only ever be in government - where it's answerable to the public electorally.
Governments become corrupt when they are weak, and turn to serving private interests rather than the public they represent.
Corruption in general is far more prolific and fruitful where government is weak (the neoliberal ideal) - which is one of the reasons corrupt private actors look to weaken government - for instance by undermining public trust in it or lobbying for its parasitization by private entities. Or by stuffing their acolytes minds with foolish neoliberal fundamentalist myths.