5 ms·

Police Brutality Bonds: How Wall Street Profits from Police Violence

26 points by artur_makly 6y ago

jamespullar 6y ago
Had to jump through two useless posts to get to the actual pdf report here. https://acrecampaigns.org/wp-content/uploads/2020/04/PoliceBrutalityBonds-Jun2018.pdf https://acrecampaigns.org/wp-content/uploads/2020/04/PoliceB... This should just link to the pdf directly.
- Overtonwindow 6y ago
  Thank you!
tathougies 6y ago
Wall street would profit from police restraint too. Wall street's just really good at profiting from things. Let's not distract from the issue.
tsegratis 6y ago
Wanted to ask people. I've no idea about politics, and don't want to take thread off topic.... but: Is fear a major reason for violent police actions? If I was repeatedly afraid someone might shoot, or I'd come to expect this, I'm sure I would begin to lash out irrationally I'm not remotely defending anything, and as I say, I don't understand In almost all the countries I've lived in people are simply not allowed to carry weapons, and so similarly police are equally 'unweaponized' So again, apologies, but wanted to express the thought: The root cause of the violence is maybe the fear And _a_ root cause of that is maybe the prevalence of weapons creating a _potential_ for violence If I were to guess (from my complete lack of experience and evidence based on the media!! So my guess is fairly invalid), but still, my guess is that this fear undercurrent would also destroy society, not just police relations; it would also lead to pockets with cycles of poverty and brokenness Again apologies for making suggestions in a place where I don't have experience to comment. But let me still ask: is this suggestion reasonable, or even helpful?
- yummypaint 6y ago
  If this were the main factor, then victims of police violence would be a representative sample of the population. Instead, they are disproportionately non-white. The current state of affairs has to be understood in the historical context of institutionalized racism in the US. It's built into policing in the same way it was built into the physical infrastructure of cities. https://www.nydailynews.com/opinion/ny-oped-racist-planning-shaped-our-city-20190411-pkobnblgejhbdjitqpdhflxj6u-story.html https://www.nydailynews.com/opinion/ny-oped-racist-planning-...
- tathougies 6y ago
  Yes, the proportion of people killed by police broadly matches the rate at which people who look like them commit violent crimes in their area. This doesn't excuse police misbehavior and brutality, but is a simple observation. https://msutoday.msu.edu/news/2019/the-truth-behind-racial-disparities-in-fatal-police-shootings/ https://msutoday.msu.edu/news/2019/the-truth-behind-racial-d... https://www.pnas.org/content/early/2019/07/16/1903856116 https://www.pnas.org/content/early/2019/07/16/1903856116 > Our data show that the rate of crime by each racial group correlates with the likelihood of citizens from that racial group being shot. If you live in a county that has a lot of white people committing crimes, white people are more likely to be shot. If you live in a county that has a lot of black people committing crimes, black people are more likely to be shot. It is the best predictor we have of fatal police shootings.”
csense 6y ago
"Okay this state had to pay a total of $200 million to the families of people who successfully sued for wrongful death." What's the solution? If the state can't afford $200 million, and it can't raise taxes without legislature or voters, it has to either (a) borrow $200 million or (b) cut spending for something else by $200 million. If you borrow $200 million, whoever's lending you $200 million will want some interest. If you make some sort of law that you can't charge interest for money you loan to states to make these payments, nobody will want to lend money to states in this situation.
gentleman11 6y ago
If enough protests go on for long enough, there will be a much worse recession. Hard to profit off of that
- brokenmachine 6y ago
  The richest before will still be the richest after the recession. The profit will come later. Also, they're making profit right now. Someone's producing all that cool military tech that's going to be demonstrated in short order. Not sure how true it is but I saw a reddit comment that the stingrays are already deployed and predator drones are flying above Washington.
- mydongle 6y ago
  There are people getting even richer due to all this volatility right as we speak. Be wary of those who support the protests and are part of the faction that would like riots to continue.

26 points by artur_makly 6y ago

Had to jump through two useless posts to get to the actual pdf report here. https://acrecampaigns.org/wp-content/uploads/2020/04/PoliceBrutalityBonds-Jun2018.pdf https://acrecampaigns.org/wp-content/uploads/2020/04/PoliceB... This should just link to the pdf directly.

Overtonwindow 6y ago
Thank you!

tathougies 6y ago

Wall street would profit from police restraint too. Wall street's just really good at profiting from things. Let's not distract from the issue.

tsegratis 6y ago

Wanted to ask people. I've no idea about politics, and don't want to take thread off topic.... but: Is fear a major reason for violent police actions? If I was repeatedly afraid someone might shoot, or I'd come to expect this, I'm sure I would begin to lash out irrationally I'm not remotely defending anything, and as I say, I don't understand In almost all the countries I've lived in people are simply not allowed to carry weapons, and so similarly police are equally 'unweaponized' So again, apologies, but wanted to express the thought: The root cause of the violence is maybe the fear And _a_ root cause of that is maybe the prevalence of weapons creating a _potential_ for violence If I were to guess (from my complete lack of experience and evidence based on the media!! So my guess is fairly invalid), but still, my guess is that this fear undercurrent would also destroy society, not just police relations; it would also lead to pockets with cycles of poverty and brokenness Again apologies for making suggestions in a place where I don't have experience to comment. But let me still ask: is this suggestion reasonable, or even helpful?

yummypaint 6y ago
If this were the main factor, then victims of police violence would be a representative sample of the population. Instead, they are disproportionately non-white. The current state of affairs has to be understood in the historical context of institutionalized racism in the US. It's built into policing in the same way it was built into the physical infrastructure of cities. https://www.nydailynews.com/opinion/ny-oped-racist-planning-shaped-our-city-20190411-pkobnblgejhbdjitqpdhflxj6u-story.html https://www.nydailynews.com/opinion/ny-oped-racist-planning-...
tathougies 6y ago
Yes, the proportion of people killed by police broadly matches the rate at which people who look like them commit violent crimes in their area. This doesn't excuse police misbehavior and brutality, but is a simple observation. https://msutoday.msu.edu/news/2019/the-truth-behind-racial-disparities-in-fatal-police-shootings/ https://msutoday.msu.edu/news/2019/the-truth-behind-racial-d... https://www.pnas.org/content/early/2019/07/16/1903856116 https://www.pnas.org/content/early/2019/07/16/1903856116 > Our data show that the rate of crime by each racial group correlates with the likelihood of citizens from that racial group being shot. If you live in a county that has a lot of white people committing crimes, white people are more likely to be shot. If you live in a county that has a lot of black people committing crimes, black people are more likely to be shot. It is the best predictor we have of fatal police shootings.”

csense 6y ago

"Okay this state had to pay a total of $200 million to the families of people who successfully sued for wrongful death." What's the solution? If the state can't afford $200 million, and it can't raise taxes without legislature or voters, it has to either (a) borrow $200 million or (b) cut spending for something else by $200 million. If you borrow $200 million, whoever's lending you $200 million will want some interest. If you make some sort of law that you can't charge interest for money you loan to states to make these payments, nobody will want to lend money to states in this situation.

gentleman11 6y ago

If enough protests go on for long enough, there will be a much worse recession. Hard to profit off of that

brokenmachine 6y ago
The richest before will still be the richest after the recession. The profit will come later. Also, they're making profit right now. Someone's producing all that cool military tech that's going to be demonstrated in short order. Not sure how true it is but I saw a reddit comment that the stingrays are already deployed and predator drones are flying above Washington.
mydongle 6y ago
There are people getting even richer due to all this volatility right as we speak. Be wary of those who support the protests and are part of the faction that would like riots to continue.