The only cases of white collar crime I've seen get prosecuted is securities fraud and that's rich people stealing from other rich people.
(...See, e.g., authors vs. Anthropic. The most prolific author might make somewhere in the low six figures, the average author is gonna make ~$10k, and the lawyers representing the class asked for $300M!)
(Also, the judge is colleagues with counsel, opposing or otherwise; none of them think much of you, which a trip to /r/LawyerTalk will confirm.)
All of this is a choice. Essentially the same choice that we have to have medical insurers instead of a single-payer system; a broken housing market controlled by large corporate interests, instead of one where prices are moderated by a stock of residences built by the government and sold at-cost or lower, as in Singapore or pre-Thatcher Great Britain; broken and spread-thin policing instead of the kind of sophisticated social support system that you would expect the richest country on the planet to be able to afford (and avoids sending the same armed ex-jock to domestic disturbances, mental health crises, car accidents, public school security, etc.). My suspicion is that the fight against change in any of these cases is so fierce because breaking one cartel threatens the others.
The solution here should be to simplify the legal system so legal adjudication is more accessible to non-lawyers, not add more layers of government bureaucracy on top of the existing ones.
There are thousands of YouTube videos of people being arrested or being in court on charges of embezzling from their employers, committing fraud, presenting bogus checks at banks, etc.
Hacking is white collar crime. So is mortgage fraud. So is tax evasion and bribery. There are tons of prosecutions of these crimes every year.
The law protects capital and binds humans.
For instance, Martha Stewart (the only example that comes to mind) was convicted of lying and obstruction of justice, not for any actual crime that was being investigated.
It's not like she was the mastermind of the 2008 securities fraud meltdown, but she was the only person to go to jail for it.
I was trying to popularize the phrase "the only thing which is illegal in America is defrauding investors" but I have no social media presence. Feel free to take it.
Regardless I agree with you on capitalism, but my take on securities fraud is less cynical. In late stage capitalism it makes _perfect sense_ that the only crime is to steal from investors - that's capitalism protecting itself.
You know HN is just social media for nerds, right?
Besides, the actual point which is that I have no profile, still stands.
