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"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 capitalis
by 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.