[auntienomen]

If you don't interfere with money laundering, the criminals eventually acquire enormous wealth, and with it power. They eventually acquire enough power to take over the government. At that point, you're at their mercy, and theorizing about privacy laws becomes a bit pointless.

[crispyambulance]

> eventually acquire enough power to take over the government

I wonder, recalling the Panama Papers incident, if this has effectively happened already!

[rusabd]

So you are saying that before money laundering laws those criminals took over the government. It is almost like said criminals just don't want any competition now

[auntienomen]

Money laundering laws emerged after criminals started getting organized about managing their wealth. Before Prohibition and Meyer Lansky, they were all small timers.

[jb775]

This has already happened.

They typically launder money via "foundations" or "charities". They acquire power by purchasing media companies. They use the media companies to control public narratives to shift the Overton window of public policies. They also use it to manipulate the truth as it suits them[1]. Their target population for controlling thought narratives are yuppies and the lower classes.

[1] https://mobile.twitter.com/DrewHolden360/status/139733532441...