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There _is_ no domestic accountability in those kleptocratic countries precisely because their governments do not make the majority of their revenues from a per
by motohagiography 7y ago
There _is_ no domestic accountability in those kleptocratic countries precisely because their governments do not make the majority of their revenues from a personal income tax base. I have doubts about the sincerity of western people who seem so terribly concerned about victimized peoples in distant countries when the net effect of the policies they advocate are really about domestic wealth redistribution. The kind of sanctimonious moral arbitrage that exploits "the people," of these countries as a pretext for influencing domestic policy with sob stories is utterly disingenuous.
Kleptocrats gonna klepto, and the reason they can is they can afford to pay the military to keep them in power, with funds that come from resources or puppeteer empires. Offering gratitude without demonstrating understanding or any meaningful benefit just tells people their shared experience was wasted on you.
- pudo 7y agoSo to be clear: "Kleptocrats gonna klepto" is the deep "understanding of the mechanisms of finance" and the cure to "lazy propaganda" that you advertise for? Beyond that, thanks for going full ad hominem.
- motohagiography 7y agoIf by ad hominem you mean in regard to the disingenuous and sanctimonious basis for many arguments against the sovereignty of financial centres, it is in reference to the quality of argument, and mere sarcasm is not moral high ground. Regarding the mechanisms of finance, I heartily recommend reading up on topics like insurance linked securities, catastrophe bonds, and other event driven insurance contracts that require managing long term collateral. I'll leave any final words on the topic to you.