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> Rich people have submarines, what's stopping some rich dude from doing this and betting against the markets? (Other than jail time if caught)? Now, that make
by fake-name 5y ago
> Rich people have submarines, what's stopping some rich dude from doing this and betting against the markets? (Other than jail time if caught)?
Now, that makes me think. What, if any law would you be breaking presuming this was done in international waters?
I mean, I'd assume you'd probably just cause an armed response from /someone/, but I imagine it'd probably be a extra-judicial process.
- ISL 5y agoThere are plenty of approaches that have been developed over the centuries for dealing with nefarious actors (usually pirates) on the high seas. The tools employed can be blunt and destructive.
- nexuist 5y agoThe venn diagram of people who can afford autonomous wire-cutting submarines and people who can hire accountants to hide white collar insider trading fraud is a circle. Most "evil plans" are subverted by the fact that it's literally easier to just become rich and powerful in traditional/corrupt ways than to try to execute some elaborate scheme with espionage and robotic inventions.
- ranger207 5y agoCables are cut all the time just by eg anchors; I don't think you'd need a sub. The hard part would be finding the cables though, since their position isn't publicized to prevent this sort of thing. Plus the place where it'd be easy to do this, on the continental shelf, is probably in territorial waters.