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> So now the DEA is using it to bust drug dealers. Why isn't the SEC using it to bust criminals on Wall St.? Because the SEC is captured. [0] [0] http://en.wi
by graedus 13y ago
> So now the DEA is using it to bust drug dealers. Why isn't the SEC using it to bust criminals on Wall St.?
Because the SEC is captured. [0]
[0] http://en.wikipedia.org/wiki/Regulatory_capture http://en.wikipedia.org/wiki/Regulatory_capture
- api 13y agoThere's kooks out there who think the DEA is captured too. Obviously that's a ridiculous paranoid notion. It's not like there's any money in illegal drugs or anything, and everyone knows being a middle manager at the DEA pays the big bucks. What I'm fundamentally getting at in my OP is elite deviance: http://www.amazon.com/Elite-Deviance-Edition-David-Simon/dp/0205571956 http://www.amazon.com/Elite-Deviance-Edition-David-Simon/dp/... The NSA will not protect us from the deviance of those with real power, because those with real power can fight back. Those with real power are also those who have the resources to execute a real worst-case-scenario attack-- exactly the kind of terrorist attack this is supposed to be protecting us from. If somebody nukes New York it will not be an anti-government windbag with an Internet connection who just got fired from their job and decided to search for "how to build an atomic bomb." It will be an elite deviant, supported by a network of elite deviants and powerful ideological sympathizers. Someone with the motive and the means to execute on such a thing. This system might detect motive with some probability of success, but it will not be used against those with means because those people (and their supporters) will pull strings and hire million dollar attorneys. (Or turn agents, pay off managers at government contractors, etc.) I also have serious doubts about whether it'll stop the next Boston bomber or Timothy McVeigh either, but for different reasons: small players easily vanish into an ocean of false positives. There are mathematical limits that come into play here-- it's why undirected fishing expeditions in seas of scientific data are rarely successful. This project is a dangerous, politically and socially irresponsible pork-barrel boondoggle that creates far more opportunities for crime and corruption than it prevents. Limits to government power and requirements for judicial oversight (a.k.a. peer review) aren't arbitrary whims or kooky notions supported by paranoids. They're a lot like the OSHA rules put in place at factories and industrial facilities. They are there to keep people from getting hurt and to keep expensive, dangerous accidents from taking place.
- graedus 13y agoI don't think the DEA is at nearly as much risk of being captured by those they're meant to regulate compared to the SEC. Power and money are extremely concentrated on wall street, and there is a well-documented revolving door between wall street and the SEC that I don't think exists between drug dealers and DEA officials. [0] Totally agree with the rest of your posts. [0] http://www.pogo.org/our-work/reports/sec-revolving-door.html http://www.pogo.org/our-work/reports/sec-revolving-door.html
- api 13y agoI think you're partly right. The risk is much higher with the SEC, and I agree that SEC regulatory capture is a virtual certainty at this point. But with drugs I don't think it's the dealers we have to worry about. The dealers are the little fish. It's the financiers, the money launderers, the ones who profit. They -- if they are smart -- never touch the stuff. They invest in it like they'd invest in any other venture. My suspicion is that a captured DEA would behave not as an actual facilitator of drug trafficking but as a selective turf war tool to take politically unconnected competitors' drugs off the street. All you need there is enough influence to ensure that the DEA targets the other guys, not your bread and butter. That also helps to support the price of drugs, increasing your margins. Actually it could be even simpler than that. If you have enough spies in the DEA you could be one ahead of them, have intel about how they conduct searches, etc. Then the DEA would act for you like a passive turf enforcement army. With your advantage you could fly under the radar, allowing the DEA to mop up your competition and prop up your margins by creating scarcity. Spying on an organization is orders of magnitude easier than influencing it, and requires the compromise of lower-level personnel. There's far more field agents and mid-level paper pushers than there are higher-up agenda setters and they make less money, making them easier targets to flip. This is why the drug war is so bad for democracy and why prohibition encourages corruption. Put simply it creates a massive financial incentive for every kind of political corruption imaginable, and in so doing begets a "corruption infrastructure" that can be used for other kinds of crimes.
- graedus 13y ago