Blood money
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If you are really opposed to the Saudi regime, I'd posit that the most effective thing you could do is create a bullshit startup and get them to invest, and then frivolously waste their money.
Yeah, that sounds like a great idea to employ against a regime perfectly willing to violently murder people.
Block that and KSA will fall apart within months as having hundreds of thousands of dollars means nothing if there's no access to Gucci purses and houses in London.
Instead, we see a slow progress which is painful, but may be the best that can be hoped for.
https://www.wsj.com/articles/saudi-women-drivers-face-one-la...
It hasn't been attempted. Kim Jong-un, for example, has been raised in Switzerland, dito for MANY children of autocracies, dictatorships and other detestable regimes from all over the world. Their blood money (or, in earlier times their blood diamonds) was, is and always will be welcome for Western banks.
If France and/or the UK put anyone with "Al-Saud" in their last name on a no entry list, MBS would be gone in weeks.
Anyway, levity aside regimes that will violently murder to silence critics might not to get even for bad business investments.
As for me I'm hoping to get some investment on my new grocery list tracking app that uses machine learning on the blockchain to automatically buy what you want to eat before you know what it is!
I don't really disagree with that but at the same time it doesn't really feel all that wise to whack a hornet's nest with a baseball bat. If anyone feels like taking the risk, then I wish them the best of luck in swindling them for as much as they can get away with, but playing stupid games can lead to winning stupid prizes.
This type of cynical, defeatist attitude is part of the problem.
We always don’t. That’s how some countries end up under sanctions. (In any case, this is a bad moral defense.)
I'd say when both make it convenient to do so, or one makes it an overwhelming necessity.
All 19 hijackers of 911 attacks were Saudis. We have sanctioned many countries and murdered 100,000 innocent children and civils in last Iraq war that most americans still don’t know the reason we invaded, yet Suadis remain off the radar. Now the greencard holder got in altercation at the embassy and ended up treated with bonesaw, meanwhile POTUS tells we invested 1B in their contracts so we have to be careful what we say. On the top of that he has multiple private businesses at the tune of hundreds of millions of dollars at stake with Saudis. Tell me again about some sanctions against them, please?
>There are decades where nothing happens and there are weeks when decades happen
The house of saud can't be on the top of the throne forever. Their monopoly on oil is diminishing (as is the importance of oil) and they don't have anything else even remotely comparative.
You could have predicted that nothing would happen to the Assyrians for 16 thousand years and you would only be wrong once, but that was the one time it did matter. You could have predicted it about the romans for a thousand years; about the soviets for 70 years; about the third reich for 15; iraq for 40. In the end they all fell.
Now, I am not saying that this won't blow over in a month, just that it is really difficult to predict the future, especially in international relations.
Saudi may kill my journalists, but at least they subsidize my lunch.
The parallels in the two cases are striking.
[1] - https://en.wikipedia.org/wiki/Magnitsky_Act
[2] - https://www.wnycstudios.org/story/death-sergei-magnitsky-bil...
This sounds like a long-term con that would take years to implement - sovereign wealth funds are more into late-stage pre-IPO rounds and not as much into $5k AngelList syndicate rounds.
For short-term reducing personal dependence on oil sounds like a good start.
We are very close to the ability to use bonds to pay for goods instead of cash. This allows you to buy things with "strings attached" so the bond becomes valueless under certain circumstances. E.g., I will buy your eggs, with a $8 bond which will lose its value if you are proved within my network of trust to have paid a worker less than a living wage.
Of course this $8 bond is worth less than $8 in cash, but the eggs purchased with the bond are worth more to me than eggs purchased with cash.
This will enable people to spend money and ensure that their revenues are reinvested according to their values.
This is one of my candidates for a "killer app" for Ethereum.
This is absolutely necessary as a key check on dirty money, since cryptocurrency has dramatically loosened up the ability for cash to flow between regulatory regimes.
This is incorrect; "blood money" is an established English term for money that has been metaphysically tainted with blood. (Compare, among many others, Judas' refrain in Jesus Christ Superstar, "I don't want your blood money", referring to the 30 pieces of silver the priests pay him for betraying Jesus.)
The English term for money paid to settle a death is "weregild".
> Blood money is from 1530s; originally money paid for causing the death of another[1].
[1] https://www.etymonline.com/word/blood
Also:
> Blood money is, colloquially, the reward for bringing a criminal to justice.
> A common meaning in other contexts is the money-penalty paid by a murderer to the kinsfolk of the victim. These fines completely protect the offender (or the kinsfolk thereof) from the vengeance of the injured family. The system was common among Germanic peoples before the introduction of Christianity (weregild)
The concepts of "money you pay as a penalty for killing someone" and "money a third party pays you as a reward for killing someone" aren't really similar in the slightest.
> Blood money, also called bloodwit, is money or some sort of compensation paid by an offender (usually a murderer) or his/her family group to the family or kin group of the victim.
"Blood money" is sometimes used for the concept, as you can see in COCA ( https://corpus.byu.edu/coca/ ), but that is certainly not the normal sense of "blood money". "Blood money" is routinely used to refer to money that has been morally tainted.
From Wikipedia:
Diya (Arabic: دية; plural diyāt, Arabic: ديات) in Islamic law, is the financial compensation paid to the victim or heirs of a victim in the cases of murder, bodily harm or property damage. It is an alternative punishment to qisas (equal retaliation). In Arabic, the word means both blood money and ransom, and it is spelled sometimes as diyah or diyeh.[citation needed]
It only applies when victim's family want to compromise with the guilty party; otherwise qisas applies. [0]
The murder of Yvonne Gilford comes to mind [1].
[0] https://en.m.wikipedia.org/wiki/Diya_(Islam)
[1] https://en.m.wikipedia.org/wiki/Murder_of_Yvonne_Gilford
A company selectively interjecting itself into the political arena highlights its hypocrisy, but any company having a significant public impact should be getting called out regardless of their actions in other spheres. Ethics are not an opt-in.
My "loosely serves the public good" was meant to suggest that instead you could target carbon or sin taxes, but you couldn't (read: ought not) target a specific company, say Exxon-Mobil or Philip Morris.
IOW, broadly target the thing you want to reduce with policy, not the company that does the specific thing.
I can see based on my text how you reduced it to a vague "pass smart laws", but I was trying to make a specific recommendation on how to do that, but then further leaving the majority of control for ethics to the choice of the consumers in aggregate.
In the old days, in some countries, we had a device for changing the government when it did stuff you didn't want to be complicit in. I think they called it an "election" ;-). Now, admittedly, even if I take a very broad array of American political parties, from the Greens to the Libertarians, their spectrum on foreign policy still ranges from bloody-stupid to fucking appalling, so I don't entirely blame actively anti-war Americans for the anti-war movement's failure to stop the war.
But that's because the democratic system has decayed to the point where, if you don't want today's fresh new war of choice, you're left choosing between two irrelevant third parties, one of whom puts forth a candidate who doesn't know where Aleppo is, and the other of whom are outright tankies on foreign policy and may be paid by Vladimir Putin.
#MakeHNTechnicalAgain
Does Saudi Arabia have centuries of free enterprise, civil rights progress, government accountability, and not-a-monarchy?
> Corporate charters are granted by governments, from the people.
This is true for the USA, at least afaict as an European.
The same can't be said about Saudi Arabia, as sad as that might be.
Companies do seem to be taking more and more political stances, though, than they have in the past, and personally I think it's, at least in some cases, naive on their parts. I used to see more of "we'll donate 1% of our revenue to save pandas" type marketing, which is noble and universally applauded, but now it's replaced with taking political stances on things that are often hot-button issues.
If everyone started behaving this way, it wouldn't be pretty.
Plenty (most? all?) large businesses do this. It isn't good for the world.
Edit: You can downvote all you want, but politics are an outgrowth of human interaction at scale. The idea that you can get a couple thousand human beings running around with limited resources and various goals and not get politics is laughable.
That's exactly what ethical behaviour is.
> Why does every organization need a moral/ethical complex which caters to the issues of modern day?
Because joining a corporation does not remove you from human society.
If (for example) you thought that eating vegan was better ethically or environmentally, eating vegan only one day a week would still be "better" than not eating vegan at all. Eating non-vegan some of the time is not hypocritical, nor does it nullify the "good" you're doing.
Absolutely though, companies should be shamed (and not patronized) for their bad behavior and bad associations.
That's not what I'm saying. What I'm saying is that if you inject yourself as a moral arbiter into a debate, then the people you're marketing to with that stance are going to demand moral purity. You open yourself up to more criticism when you first criticize. I'm not really making a moral argument here at all actually. I'm more saying "those in glass houses shouldn't throw stones" from a practical standpoint unless you're ready to abandon good business practices in the pursuit and constantly moving goal posts of moral purity.
Is the idea that I would know the author's name and just trust them? (Surely no one loves everything TechCrunch puts out generally.) Or that I'd get linked to it on social media from someone who's taste I really trust?
I'm just honestly confused why a column like this doesn't have such a bad bounce rate as to induce a different writing style.
Instead they use bold, non detailed, titles to attract readers that might not even care about the particular subject (but will click to see what the "blood money" are about).
Isn't that the whole idea behind clickbait titles?
Bounce rate after reading some of the article shouldn't really concern them, as long as people click on the article and the banners have been displayed.
It still doesn't help me understand their motivation though. Like, there are a thousand news articles each day that begin with an intro thats indistinguishable (information-wise) from this one. Why read this one?
I've been trying to think of an apt clickbait title for this piece for the last few minutes, but can't: I think, because the article isn't really saying much that's new at all.
If you work for a high-status SV company and you have a lot of moral qualms, you should leave your job and find one you feel better about.
That kinda trap sure doesn't make me more likely to give a shit about ethics.
But yes, we should be careful passing judgement on people.
If they’re judging others for not pitching in, that’s a concern.
The thing that influences your values more than anything else is who you spend time in close proximity with.
If you spend all your time around people who look the other way when their compatriots do terrible things, you'll slowly bend that direction over time too.
Of course not. The Valley runs on greed.
Surely they knew if they got blamed for the murder, it would cost them much more in damaged relationships than it could possibly gain in eliminating a critic. And surely they knew a disappearance of a journalist seen on camera entering their consulate won't be ignored.
Sorry for a slightly off topic question.
From inside the bubble of absolute power (when you have already killed and tortured dissidents, rivals and potential threats) adding this journalist to the kill list probably didn't seem like such a big deal. He was apparently surprised by the reaction to the whole affair. https://foreignpolicy.com/2018/10/22/saudi-khashoggi-claims-...
Indeed at this point the evidence against MBS is only circumstantial, so that would be a reasonable point to make in a court of law. But in the world of politics, there's no presumption of innocence because common folk don't much care for that, and politicians and activists need to build upon popular emotions while the issue is hot. Is MBS so naive as to genuinely expect the population of the West to ignore the very strong circumstantial evidence? Or for the politicians to ignore the popular opinion and wait for hard evidence (which may take months, years, or decades for all we know)? Or is he just leaking this message to create an impression of innocence?
Also, the two parts of the statement are somewhat in conflict. Is he shocked by reaction or is he shocked of being accused without evidence? If he is shocked by reaction, it suggests he thinks the killing isn't a big deal, which implicates him even more.
If MBS wasn't involved. I can imagine two scenarios.
1. There was a general guideline to reduce regime criticism by any means necessary. Some officials decided to follow that guideline by demonstrating to the critics that can be killed at any time (note that they didn't just secretly assassinate Khashoggi making it look like an accident; they did in a way as to set an example). Wouldn't be the first time nor the last. But if that was the case, why didn't Saudi authorities quickly identify those responsible, and try and execute them? They can explain to the world they punished them because of their horrible acts. Internally, to their loyal followers, they can explain that they were executed for being total idiots who acted in a way that caused SKA irreparable harm and undermined MBS reputation in the world.
2. The powerful enemies of MBS did that to undermine MBS, and MBS cannot do anything about it because his power is limited. That would be consistent with MBS being outside the palace, and the King giving him more authority over the ingelligence services. However, if that's the case, why wouldn't MBS just say precisely that? The only downside is that he would admit weakness, but it seems like he has nothing to lose at this point, if people in his inner cirlce are basically trying to destroy him.
https://www.apnews.com/2e7cc6f821a14c90bec0253fe9ae9527
It seems like they expected to throw up enough distractions that their denials would hold at least among those who wanted to believe them. I think they failed to anticipate how closely Turkey was watching their consulate or that his fiancée would be waiting outside.
We have to draw the line (and show who is on which side of the line), so people can choose/decide to hold that line with their actions - to hold the people in nations who are in control accountable, towards peace and for justice. Who's being accountable, and who isn't - who is purposefully not being accountable, who is espousing ignorance or laziness as justification?
These organizations, the employees and leaders of these organizations - they certainly could take a stand and voice their concern, however why aren't they: looking at the story of a dead journalist is all you need to reason why they don't and how they don't want to end up themselves - so they've trapped themselves from action, at least publicly; whether they do anything privately that is significant or indirectly enough to support the cause of peace and justice, we may not be able to see or know.
The challenge is, Line Space is probably impossible to be adequately parameterized, with anything less than Turing complete parameters.
So the database would have to be a database of code, which describes people’s “lines”.
In order to put a front end on that you need to solve End User Programming (EUP) for some subset.
I don’t believe any active management is needed at the system level. If anything you can just let people to do marketmaking around what are essentially structured ethical insights as a commodity.
We know that their government has no respect or appreciation for Western values. Yet our companies and governments will gladly take their money and provide them with weapons and investment opportunities which increase their wealth, technological understanding, and military power; knowing that SA is aiming to turn on us when the opportunity arises.
The fact is that dodgy capital inflows are central to every speculative bubble: real estate, bitcoin, Uber for X, you name it. Who else has the money to throw around?
I feel like we are at the beginning of a sweatshop moment for finance. Way back when it became known that kids were slaving away to produce your shoes, there was a global outcry and enormous pressure put on companies such as Nike to improve their operations. Did that save the world? No it didn't, but it changed the way outsourcing was implemented.
Similarly, we need to change the moral landscape of finance. I don't mean the radical solution of socializing investment or samizdats that people write in secret communist pamphlets. I mean raising the bar for the mainstream - making it impossible for otherwise profit minded people to take certain kinds of money.
And if you typically align with the Democrat side, don't think it is just Republicans taking it. You will be shocked. Start with Hillary Clinton during her 2016 campaign. The money went to the Clinton Foundation. The list keeps going and it is on both sides.
https://www.politifact.com/truth-o-meter/article/2016/jul/07...
The Clinton Foundation has accepted tens of millions of dollars from countries that the State Department — before, during and after Mrs. Clinton’s time as secretary — criticized for their records on sex discrimination and other human-rights issues. The countries include Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, Brunei and Algeria.
Saudi Arabia has been a particularly generous benefactor. The kingdom gave between $10 million and $25 million to the Clinton Foundation. (Donations are typically reported in broad ranges, not specific amounts.) At least $1 million more was donated by Friends of Saudi Arabia, which was co-founded by a Saudi prince.
https://www.nytimes.com/2016/08/21/us/politics/hillary-clint...
Edit: Reading the politifact.com link you provided, I now see that it makes a very similar claim. While there is legitimate doubt as to the exact number, it seems wrong to say that there is "no proof either way". Maybe I'm misunderstanding what you are looking for?
These are called sanctions. They are proper to consider, given the circumstances.
Are you implying that a significant amount of the Chinese money flooding into Vancouver originates from the drug trade? This is the first I have heard of this. Care to elaborate?
It always looks to me like when you are arguing with somebody that is thinking exactly like you, but you don't get each other because wording. In which way the fact that people are raising their voices as a consequence of the brutal murder of this journalist make Yemen people less important? And most of all is this really matters?
I think this situation is slightly different and worth of notice, because is not just a murder, is a way for UAE to show off power and give a notice to all the other dissidents that they can reach them and get along without any consequences. This is a threat.
And there's Trump telling us not being blood sucking arms merchants would be bad for the U.S. because we'd be giving up a lot of money! The right thing to do, per POTUS, is to take the money and ignore how the weapons are being used.
There's the blood money. Money for the blood of Yemeni civilians.
* Magic Leap
* Tesla
* Lyft
* Uber
https://www.cbinsights.com/research/saudi-arabia-pif-tech-in...
Once you finish reading the page it adds a grey transition background color
You can take the money, but you can never say that nobody told you there would be repercussions.
Ugh. It’s like millennials woke up yesterday and said to themselves “Wait a minute. We have rival countries that don’t have our best intentions in mind??”
Did our generation just skip world history classes in high school or something?
Or that seems to be what everyone on reddit under the age of 30 thinks.
While it is true that our rivals don't have our best interests in mind and have always acted to subvert our goals, their efforts to do so became brazen and blatant only very recently. Furthermore, this was (and still is) exacerbated by the continued denial and looking-the-other-way of our leaders currently in power. So it is a substantially different playing field today than it used to be.