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But, in my opinion the best hedge we have is banks and insurance companies. As long as they are permitted to do the math, we will be safe (unless they are prevented from using their best estimates by social engineering in the "democratic" body politic). For example, in New Orleans I bet rational assessment of long term risk would hurt the poor the most, making for irrational attempts to legislate away risk by blocking its use in assessing mortgages, etc. Think of the whole real estate bubble and the good intentions but bad ideas that made home ownership a right, not to be denied just because the owner could not afford it.
Stingrays, also known as "cell site simulators" or "IMSI catchers," are invasive cell phone surveillance devices that mimic cell phone towers and send out signals to trick cell phones in the area into transmitting their locations and identifying information. When used to track a suspect's cell phone, they also gather information about the phones of countless bystanders who happen to be nearby.
So, I think the Stingray is used to track who and where, very similar to having a beat cop standing on the corner who recognizes you and notes that you just walked by. All the discussion here about wiretapping is just FUD.
What? Not the wooden kind but rather the furry kind?
"a very mature, well-oiled capitalist machine"
which is inaccurate and only feeds the populist anti-capitalist sentiment that is too often conflated with anti free-market rhetoric. It would be far more accurate to call this a "protection racket" akin to the crime bosses in New York who send thugs into shops, said thugs' opening line then being something like "this is a nice little shop you got here, it would be a real shame if something were to happen to it, like maybe a fire".