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> which means paying large sums of money And in the wonderful cycle of capitalism, that money is then used to fund ballot propositions to keep cash bail in pla
by lalaland1125 5y ago
> which means paying large sums of money
And in the wonderful cycle of capitalism, that money is then used to fund ballot propositions to keep cash bail in place
- 3729426s73 5y agoI would say it's statism or cronyism rather than capitalism. It doesn't have anything to do with ownership of the means of production.
- HWR_14 5y agoIt's quite literally ownership of assets being leveraged to make more money. It's as indelibly tied to capitalism as any other type of loan. Unless you meant "cash bail" and not "bail bonds"
- mc32 5y agoIs that due to simple usury or due to cost of risk? In other words, if enough of the bailed pop. skips bail (complete loss for bondsman), that money has to come from somewhere --and that somewhere may be both honest and dishonest criminals as well as innocent suspects.
- lalaland1125 5y agoIt's a mix of both. The bail bond industry (like most "vice" industries) has much higher profit margins than comparable insurance companies: https://www.theatlantic.com/business/archive/2017/05/bail-bonds/526542/ https://www.theatlantic.com/business/archive/2017/05/bail-bo...