Elon Musk's ESG Con (Feat. Eric Roesch)
Crypto Critics' Corner
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Consequences of Fraud and Lack of Accountability
The chapter discusses the lack of consequences for fraud by big companies and individuals in past administrations, leading to a culture of risk-taking behavior without repercussions. It explores examples of fraud and the disregard for regulations, such as the Enron scandal and the failure of the company Cylinder. The speakers examine how this culture has contributed to the current state of the economy and question whether crypto has globalized fraud or if it was inevitable regardless.
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