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journalists’ duty to inform (protected by law from inadvertent mistakes by them) is blocked by tortured ‘argument’ on privacy and right to family life.
An essential feature of the apparatus incorporating perversity is disablement of ‘normal’ checks and balances. An example
is the use of ‘complaints’ and exporting the obstructiontoacaptivatedombudsmanof some sort, rather than line management escalation, error handling and issues resolution. ‘Regulation’ incorporates complaints i.e. the task is to get rid of the complainant rather than resolve the issue. The bereaved are not heard or sufficiently informed with access to a trodden route for repair.
Such plethora of devices can be colloquially known as having ‘skin in the game’ on the
part of operators of instruments of perversity together with intent (deceit, malice or both), a toxic mix.
There is a curtailment void. It is exacerbated by product that puts a money value on wrongdoing (‘fines’) without curtailment. It has a parallel in payments to those stigmatized as ‘whistleblowers’ from which intermediaries’ profit, whilst the cover-up of wrongdoing is masked, the wrongdoing itself buried;
(iv) recognizing transactions involving risk transfer, risk conversion, risk elimination
used together with the above instruments of perversity. These are inevitably a Ponzi scheme in that the exit, together with underwriting,
of the first investors is funded by the investments of subsequent newer investors (cash or activating network or both), including assumption of risk.
Although there are a plethora of aspects to the apparatus, as well as well trodden paths, many devises are shrunk-wrapped and underwritten in the market. The assumed risk
disappears from a consolidate balance sheet (cost of sales), whilst the profit is wrapped
in a quoted instrument. This is referred to as ‘privatizing’ profit. Social cost is spread over
a disparate group, through pensions, tax, withdrawal of essential social support. As there is no mechanism for organizing ‘losers’ they are not heard;
(v) Althoughthereareaplethoraofaspectstothe apparatus, as well as variations of well trodden paths, there are also well trodden recognised routes. This must be facilitated by those operating ‘on the inside’ in order to succeed.
The inside includes the statutory auditor who has the opportunity of access to commercially sensitive information to be used to his own advantage including for example to ‘stitch up’ directors on sight of default by the company’s bank, broker, insurer. This ploy has been expanded to include external provision of ‘internal auditors’ and joint operations between the two for mutual gain.
The most obvious infrastructure used are also the ones which would be the easiest and cheapest to repair. They include:
(i) bankruptcy courts (used for humiliating and public degrading advertising, as well
as professionally discrediting, including in regard [potential] witnesses in crown courts); (ii) state registers (integrity is achieved by avoiding automation; if irresistible, integrity controls are labour intensive); (iii) media/ websites/subscription services, used to link networks cross border including territories where ownership is secret; (iv) organs of state including the courts (especially family courts and court of protection). Anonymity and ponzi schemes involving perversity have not been heard in the courts. Until heard, there will be no curtailment; (v) wealth managers including tax and fiduciary operations.
I.T.N.J