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How brilliant is finance to commodify people's suffering. Surely it helps make the market more efficient?
by pietrovismara 6y ago
How brilliant is finance to commodify people's suffering. Surely it helps make the market more efficient?
- TeMPOraL 6y agoI recall reading an article on HN the other day which revealed there's even an insurance policy against ransom kidnappings, and that there are companies specializing in dealing with them - particularly, in business settings, they'd pay off the kidnappers and then bill your company for "consulting" (this is so that your company doesn't look like it's supporting organized crime by paying ransom).
- Maven911 6y agoAnd this also exists with insurance and consultants for dealing with ransomware
- matthewdgreen 6y agoThe difference is that ransomware gangs often come through with the decryption keys, while these two examples make it seem like it is common for kidnapping gangs to just keep the ransom and bury the hostage in a shallow grave. Ignoring the enormous moral issues, I wonder what the business incentives are here.
- golergka 6y agoWhat alternative would you prefer? Not giving any loan at all for people in such circuimstances? Or give out money for free to anyone who pretends to be in this situation?
- s1artibartfast 6y agoI'm not sure how you spin it that the bank or insurance company is the bad guy here. How would you rather it be handled?