That's Stoller's point. This tweet (which I assume is tongue in cheek) is in context of beefing up the SEC so that financial fraud can actually be investigated and enforced.
Exactly. Dude doesn't seem like he's based and I'm not sure his take that "virtually everything" was always illegal is even accurate....but he's making quip about the fact that the only actual "defend the police" movement that ever happened was all in the financial sector. ...its just...not the most well constructed joke.
Stroller is kind of a weirdo in a very odd ideological niche. He’s an anti-big-organization guy, which aligns him with the left on a lot of policy, but for the wrong reasons. This joke is an example of being more or less correct on the surface (it would probably be better if financial crimes were enforced more rigorously) but ultimately failing to connect the dots (ACAB) because he probably doesn’t really believe the defund argument. It’s a very by-your-logic debate troll joke, even in context.
Yeah, scams and frauds are "real" crimes in the sense that they have actual victims. They also usually aren't a product of poverty or mental illness, so it's hard to argue that you should be redirecting enforcement money to addressing root causes.
Most people in finance think they can make money off loopholes and borderline-legal conduct, and even the semi-honest ones have anti-regulation brainworms. On top of that, they have the classic capitalist inability to weigh small, short-term costs (regulatory hassle) accurately against big long-term risks (getting fucked in a financial crisis).
I'd be in favor of police policing that stuff actually
That's Stoller's point. This tweet (which I assume is tongue in cheek) is in context of beefing up the SEC so that financial fraud can actually be investigated and enforced.
Exactly. Dude doesn't seem like he's based and I'm not sure his take that "virtually everything" was always illegal is even accurate....but he's making quip about the fact that the only actual "defend the police" movement that ever happened was all in the financial sector. ...its just...not the most well constructed joke.
Stroller is kind of a weirdo in a very odd ideological niche. He’s an anti-big-organization guy, which aligns him with the left on a lot of policy, but for the wrong reasons. This joke is an example of being more or less correct on the surface (it would probably be better if financial crimes were enforced more rigorously) but ultimately failing to connect the dots (ACAB) because he probably doesn’t really believe the defund argument. It’s a very by-your-logic debate troll joke, even in context.
Yeah, scams and frauds are "real" crimes in the sense that they have actual victims. They also usually aren't a product of poverty or mental illness, so it's hard to argue that you should be redirecting enforcement money to addressing root causes.
The financial sector should be in full support of more policing of their industry, given what we know about the root cause of financial crimes…
Most people in finance think they can make money off loopholes and borderline-legal conduct, and even the semi-honest ones have anti-regulation brainworms. On top of that, they have the classic capitalist inability to weigh small, short-term costs (regulatory hassle) accurately against big long-term risks (getting fucked in a financial crisis).
I was more pointing out that the root cause of financial crimes is capitalism, but yes, also all of the above.