#PreventableSurprises
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rajtham.bsky.social
For anyone who needs an up-to-date example of attempted #StateCapture.

#LegalizedBribery #LegalizedCorruption
#WilfulBlindness #PreventableSurprises
State capture describes the seizure of political, legal, and economic levers of a nation by an unaccountable elite. It takes place wherever public institutions, government officials, and the justice system fail to safeguard a nation’s democracy, rule of law, and resources. When state capture takes hold, the machinery of the state starts to favor specific groups rather than the public interest. State capture does not exist in national vacuums – it is typically enabled by transnational networks, and its proceeds are routinely laundered through the global financial system. Wherever it occurs, state capture leads to endemic corruption, poverty and socio-economic disparity, human rights abuses, media censorship, resource depletion, and environmental degradation. Left unchecked, state capture can escalate into armed conflict, atrocities, and mass migration.
October 20, 2024 at 10:42 PM
rajtham.bsky.social
Very similar experience

A senior exec spoke eloquently at one time about the risks of social instability on the streets of European capitals.

He was well ahead of his time.

He's now silent and a senior player in the private equity space.

#WilfulIgnorance #PreventableSurprises
December 5, 2024 at 11:43 PM