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Privacy absolutists are free to deal in cash. Whatever amounts they send and receive, criminals and dictators do orders of magnitude more and people suffer as a
by throwaway290 4y ago
Privacy absolutists are free to deal in cash. Whatever amounts they send and receive, criminals and dictators do orders of magnitude more and people suffer as a result.
If it wasn't so sad it would be funny that the countries with highest levels of freedom and least corruption tend to be the ones with most vocal privacy absolutists...
- stirfish 4y ago>the countries with highest levels of freedom and least corruption tend to be the ones with most vocal privacy absolutists... Correlation or causation?
- throwaway290 4y agoOnly irony. No one is taking cash away from those guys.
- ETH_start 4y agoThe most powerful states don't need to launder any money, since they can just pass a law legitimizing any action they do, with no need to hide the funds generated from any one else.
- throwaway290 4y agoThis is irrelevant. Anything putin gang does is legal in Russia obviously but being able to clean blood money is vital for them. That's the point of sanctions and why any way around it like crypto is a godsend to dictators.
- ETH_start 4y agoYou're missing my point. Your example doesn't contradict it. My point is that the most powerful countries don't need to clean their dirty money to spend their money abroad, because they are the center of the world economy, and everything is available to them to buy. Russia is economically on the periphery and thus does need to clean it.
- throwaway290 4y agoMaking it looks like "powerful country can do shady stuff and poor country needs to clean money" is not how reality works. Try being a violent dictator and do crime at a scale acceptable in Russia but in the US and then tell me how it goes.