Rave Radio: Offline (0/0)
Email: Password:
News (Media Awareness Project) - US TX: PUB LTE: No Launder Laws
Title:US TX: PUB LTE: No Launder Laws
Published On:2001-08-17
Source:Texas Observer (TX)
Fetched On:2008-01-25 10:38:55
NO LAUNDER LAWS

I write in response to Molly Ivins' column "Tracking the KLeptocrats" (July
20). I always enjoy her columns and usually agree with her, but in this
case I think she is wrong.

In general money laundering laws, which Ms. Ivins supports, started as a
result of the drug war, something which she has come out strongly against
in the past. If we want to put the current drug traffickers out of business
all we have to do is legalize, and regulate these drugs. Throwing more
money at law enforcement has never stopped a black market when there is
strong demand for the product. It does, however, increase the profit
margin, i.e., incentive, for the dealers willing to take the risks and with
this increased illicit profit comes a greater chance of government corruption.

She uses the "Russian financial melt-down," as a non-drug-war-related
example to support her argument. The idea that somehow Russia's economy
collapsed as a result of money laundering is absurd. The Russian economy
has been a shambles since the days of Stalin.

Finally, Ms. Ivins implies that privacy advocates, such as myself, are just
conspiracy nuts. But what are we to believe about the world we live in, and
our own government in particular, when we see such debacles as Noriega from
Panama and, from her own list of examples, Fujimori of Peru. We fed these
and other dictators billions of dollars and then acted surprised when they
robbed their people blind. These are not figments of my imagination.

Until we clean up our own house and stop supporting authoritarian leaders
with money and arms in the name of fighting a moralistically bankrupt "War
on Drugs," I will not support the money laundering measures of which she
writes.

Greg Schorr via the Internet
Member Comments
No member comments available...