The Sovereign Voice ITNJ Commemorative Issue | Page 47
journalists’ duty to inform (protected by law disappears from a consolidate balance sheet
from inadvertent mistakes by them) is blocked (cost of sales), whilst the profit is wrapped
by tortured ‘argument’ on privacy and right to in a quoted instrument. This is referred to as
family life. ‘privatizing’ profit. Social cost is spread over
An essential feature of the apparatus
a disparate group, through pensions, tax,
incorporating perversity is disablement of withdrawal of essential social support. As there
‘normal’ checks and balances. An example is no mechanism for organizing ‘losers’ they are
is the use of ‘complaints’ and exporting the not heard;
obstruction to a captivated ombudsman of
(v) Although there are a plethora of aspects to the
some sort, rather than line management apparatus, as well as variations of well trodden
escalation, error handling and issues resolution. paths, there are also well trodden recognised
‘Regulation’ incorporates complaints i.e. the routes. This must be facilitated by those
task is to get rid of the complainant rather than operating ‘on the inside’ in order to succeed.
resolve the issue. The bereaved are not heard or The inside includes the statutory auditor
sufficiently informed with access to a trodden who has the opportunity of access to
route for repair. commercially sensitive information to be used
Such plethora of devices can be colloquially
to his own advantage including for example to
known as having ‘skin in the game’ on the ‘stitch up’ directors on sight of default by the
part of operators of instruments of perversity company’s bank, broker, insurer. This ploy has
together with intent (deceit, malice or both), a been expanded to include external provision of
toxic mix. ‘internal auditors’ and joint operations between
There is a curtailment void. It is exacerbated
the two for mutual gain.
by product that puts a money value on
The most obvious infrastructure used are
wrongdoing (‘fines’) without curtailment. It also the ones which would be the easiest and
has a parallel in payments to those stigmatized cheapest to repair. They include:
as ‘whistleblowers’ from which intermediaries’ (i) bankruptcy courts (used for humiliating
profit, whilst the cover-up of wrongdoing is and public degrading advertising, as well
masked, the wrongdoing itself buried; as professionally discrediting, including in
(iv) recognizing transactions involving risk
regard [potential] witnesses in crown courts);
transfer, risk conversion, risk elimination (ii) state registers (integrity is achieved by
used together with the above instruments of avoiding automation; if irresistible, integrity
perversity. These are inevitably a Ponzi scheme controls are labour intensive); (iii) media/
in that the exit, together with underwriting, websites/subscription services, used to link
of the first investors is funded by the networks cross border including territories
investments of subsequent newer investors where ownership is secret; (iv) organs of state
(cash or activating network or both), including including the courts (especially family courts
assumption of risk. and court of protection). Anonymity and ponzi
Although there are a plethora of aspects
schemes involving perversity have not been
to the apparatus, as well as well trodden heard in the courts. Until heard, there will be
paths, many devises are shrunk-wrapped and no curtailment; (v) wealth managers including
underwritten in the market. The assumed risk tax and fiduciary operations.
I.T.N.J