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RE: Cryptocurrencies Are Blowing Central Banks Out Of The Water - with Jeff Berwick

in #money7 years ago

I consider the police to be a separate matter when it comes to private vs public since what they have historically done is reinterpret their duty from enforce the law to carry out punishments (a job for the legal system, which has its own problems). Their practices are well documented as destabilizing to communities based on how they act towards people and they have dee rooted problems that are not and will not be fixed based on whatever standard holds them up (culture, management, finances, attitudes, poor training, political motivations, etc.). Here's an example for the accountability issue I am concerned about. If a private security official (say they are acting as police because they are not there) breaks the law would they be prosecuted or would their company protect them? What happens if I'm poor and it turns into an easy legal win against me. This isn't about the smartest and wealthiest it's about the average people that they have authority over. If they'll be abused in the same way then what's the point? We've already seen how PMC's in third world countries don't necessarily care about anything other than money and aren't afraid to cover up a war crime or two. So where is the accountability to the most at risk people? If you have an idea for how to solve that I'm all ears but it never seems to get brought up. What is your plan to ensure people don't abuse their power and will be held accountable when they break a law?