The co-founder of failed cryptocurrency exchange FTX pleaded not guilty to a seven count indictment charging him with wire fraud, securities fraud and money laundering.

An attorney for FTX co-founder Sam Bankman-Fried said in federal court Tuesday his client has to subsist on bread, water and peanut butter because the jail he’s in isn’t accommodating his vegan diet.

  • jmp242@sopuli.xyz
    link
    fedilink
    arrow-up
    5
    arrow-down
    1
    ·
    1 year ago

    It’s interesting to me to meet someone wholly anti jail. I think our “justice system” is anything but, and at least that’s partially because we have a completely muddled idea about what we’re even trying to accomplish - mostly because of all these different opinions.

    It seems pretty clear that our jails are “technically” just this side of cruel and unusual punishment as defined by our courts. But it’s all about punishment. Of course this assumes that retribution is a useful goal, and as you point out - it probably isn’t.

    It’s also dubious that there’s any deterrence effect from jail sentences. Lots of people believe there is, but the studies I’ve seen don’t bear that out.

    It’s also pretty clear that jail is expensive and just as likely to make criminals worse rather than better, so from a societal perspective, there’s a really good reason to re-think our justice system.

    However, given our current system is about punishment and making victims and society at large feel better because “those who fucked around found out” - I would still prefer to see this guy get his to remind people we do in fact have laws and might enforce them.