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Reading that article makes me deeply cynical about capitalism in general. I don't dislike capitalism, but this news is really gold for people who want to advoca
by jokoon 8y ago
Reading that article makes me deeply cynical about capitalism in general. I don't dislike capitalism, but this news is really gold for people who want to advocate against capitalism. It's scary.
I might not be very smart, I'm having a hard time understanding how this scheme was accomplished. What worries me is how invisible this is, and how much harm it does. I really wonder how much fraud of this scale is not being caught, because most people don't really understand what is being done, on top of it happening in ways which are hard to grasp.
It really reminds me how big multinationals have committed tax avoidance for decades, but the voters cannot see it, don't understand how it hurts them, and are never really protesting it.
There are laws and a justice system, but to me it's really hilarious that those people are getting away with this, and how loopholes are tolerated and not an abuse of the law. I cannot understand how the world can just look away and not try to fix this. I fear that if this keeps happening, it may be a source of instability and would really undermine political stability. How would you make a country work properly is the state budget is shrinking?
- sonnyblarney 8y ago"makes me deeply cynical about capitalism in general. I don't dislike capitalism, but this news is really gold for people who want to advocate against capitalism." Funny because the first thing I think of is government incompetence and stupidity. A hole in a system a billion dollars wide will always be taken advantage of in whatever kind of economic system, i.e. this is not 'capitalism' just 'quasi legal hacking'. That's a pretty big hole and I wonder how many people will lose their jobs over it? One? More? Any? I like fair regulatory systems, especially those easier to watch ... but this isn't that. This is enough of an embarrassment that the government should be brought down over it. That's just an quite amount of money to lose for a small country. $2B buys a lot of services for a country the size of a city.