• 0 Posts
  • 42 Comments
Joined 9 days ago
cake
Cake day: January 15th, 2026

help-circle

  • Yes and no, it moves the goal post and makes it harder for some criminals/terrorists to launder money. But organized crime is one of the largest business sectors in the world, so many have large incentives to get around the rules.

    It’s helpful to think of crime as a (or many separate) business sector(s) in this context, because at large scale criminals can benefit from much of the economic infrastructure that is required for legitimate international businesses, particularly modern businesses that sell things that don’t cost much/anything to produce (doesn’t have a fixed profit margin), such as subscriptions, streaming or intellectual property (e.g. music or games downloads).

    Not long ago the circulation of this dirty money was a staple of many parts of the established financial system (see the Wachovia cartel scandal as an example). Today’s rules and crackdowns after the 2008 financial crisis has changed that somewhat.







  • In Sweden, people – wealthy home owners – have gotten a lot of public financial assistance for mounting solar panels that would either way have paid for themselves in a matter of years, lowering electrical bills and raising house prices for the owners.

    Overall that is a good thing, the pros of increased solar adoption outweigh the glaring inequity, but all the same it’s hard to feel that it’s a part of the general fuckery of governments competing on who can pamper the upper middle class the most. Sweden also subsidizes mortgage interest and has essentially abolished (hard-capped at a low.level) the property tax on private homes. And Sweden has in recent years given financial relief to households based on their electrical consumption, I.e. very little (or nothing if electric is added to the rent) to renters and most of the money going to people with big houses and year-round heated pools.

    The discussion on equity needs to enter the debate on things like incentives for solar panels on private homes or grants for energy saving insulation. These are good things, but the money can’t just stack up on top of other political favors to the wealthy. Less useful subsidies need to go. They need to replace other benefits.