Comment by andix
19 hours ago
It’s crazy how modern and complex company structures became impossible to govern.
There are so many cases in which criminals just open a ton of new companies, to overload the authorities. Until the authorities shut something down, they moved on three times already.
That's why you usually need a permit to sell insurance.
Which Ro Marine didn't have- but they submitted forged documents to Panama and other countries claiming they did. When you have the resources of a nation-state, forging documents from other countries is straight-forward: you can all buy roughly the same stamps, etc. from the same sources, for your own documents. So changing a stamp or two to look like Norway's stamps isn't too difficult.
Getting ports around the world to check back with the originating agency on every document they look at... would be a lot of extra work.
Is sending a plausible looking letter really all that's required? Does nobody ever call back to the Insurance Association of Norway (whatever they may be called) and check references? I mean, we check job seeker's references regularly.
We have the tech to solve most of this (digital signatures, digitally signed public DBs -aka Blockchain) but the state bureaucracy apparatus can't figure that out for various reasons.
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Only because punishment isn't harsh and quick enough for the initial offenders. The state fell short on that, and hence created an arbitrage opportunity.
With all the broadband communications and high definition video and audio, it should have been trivial to prove the fraud and disincentivize committing it by sufficiently punishing it.
Punishment often doesn't matter. Until someone notices, it's finished already for a long time. People are disposable, and some just take the risk to go to prison for a lot of money. It's often possible to disappear into another country, before the authorities start to figure out what's happening.
>The state fell short on that, and hence created an arbitrage opportunity
The state fell short on that because everyone hates violence so there isn't the political will to deploy it at the drop of a hat multiplied by everyone's pet issues.
The state "technically could" do a lot of stuff but it doesn't because doing even a small subset of those things more than it does would destabilize it.