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I think what happens with white collar crime is that it seems so distant from regular people that they just are not capable of sizing its dimension and impact.
by jerojero 4y ago
I think what happens with white collar crime is that it seems so distant from regular people that they just are not capable of sizing its dimension and impact. Yes this guy stole, misplaced, lost, billions of dollars but... what even is a billion dollar? It's abstract, it's not real. That kind of money just doesn't feel real.
On the contrary, shoplifting, maybe being assaulted at gun point even so that your iPhone is stolen. That feels threatening and real, that's something people have seen or know of someone not too distant that has experienced it. It's easy to understand the gravity of the crime and so it becomes more difficult for people to dismiss it.
But that's public opinion, what's the excuse of educated journalists? SBF has committed some of the most egregious financial crimes in history and he needs to be made responsible.
- SpicyLemonZest 4y agoI think educated journalists correctly intuit that, to their typical reader, this is a funny story of a rich guy who stole from other rich people by badly pretending to be a savvy investor. That doesn't make it OK, but it means moral outrage at him is a lot less interesting to read and stories about his antics are a lot more interesting.