This is particularly hilarious given that Fortune has skewered Gary Gensler for failing to go after the FTX, Celsius, and Terra frauds.

Schrödinger’s regulator can’t go after fraud before the company collapses, but if it collapses and the SEC didn’t warn us, they failed.

fortune.com/crypto/2022/11/11/…

#crypto #cryptocurrency

> apparently preventing fraud is “anti-crypto”.

It's the literal definition, isn't it?

between crypto currency and AI, the tech industry is only producing fraud and grift.

For the next 4 years, there will be no one prosecuted for this.

Here, the fertile soil nourished a cotton economy that tied the region to both prosperity, profound inequality, and violence. Before the 1930s, the rows of cotton plants were filled with the sound of hands at work—Black men, women, and children bent over under an unforgiving sun, picking and bagging the crop that defined the economy of Arkansas, Louisiana, and Mississippi.

Image:

Black women and girls picking cotton, 1937.

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Cotton was king, and the lives of sharecroppers and tenant farmers revolved around its harvest. It was backbreaking work, with little reward and fewer options for escape. For generations, they remained, not by choice but by circumstance, trapped in the feudal economics of sharecropping and the relentless grip of Jim Crow laws and the vicious coercion it spawned.

Image: 11-year-old girl picking cotton in Oklahoma, 1916.

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But by the 1940s, the sounds of the fields began to change—-for the Delta was not static, even if it seemed eternal. The old order was cracking. Tractors & mechanical cotton pickers crept in—- metallic clattering replacing the murmur of voices. These machines were coldly efficient—-replacing entire crews of field hands with the push of a lever. They didn’t need breaks. They didn’t rebel against low wages. And they didn’t dream of freedom.

Image: M12H cotton harvester.

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White landowners embraced mechanization with a cold efficiency, reducing costs and increasing yields.

And the Delta’s people began to vanish.

Image: Rust cotton picker in cotton field, Cloverdale Plantation, Clarksdale, Mississippi Delta, Mississippi], Wolcott, Marion Post, 1910-1990, photographer, 1939 Oct.

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For the Black men and women whose ancestors had labored on this land, it was another kind of displacement, another blow to an already precarious existence. Southern whites, who had once worked relentlessly to keep Black labor tethered to the South, found themselves indifferent to their departure now that machines could do the work.

The trains heading north began to fill.

Image: Lange, Dorothea, White sharecropper family near Cleveland, Mississippi. Cleveland Mississippi, 1937 June.

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Those trains heading north carried those who had toiled in the Delta fields for decades, their belongings packed into battered suitcases and cardboard boxes. For the Black families leaving, the journey was both a rupture and a rebirth, a departure from the familiar rhythm of the fields for the uncertain promise of Northern cities.

Image: Lange, Dorothea Lange, On MS Hwy 1 between Greenville and Clarksdale. Black American family being moved from AR to MS. 1938. June.

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