

When I was applying for a house mortgage, the case officer was asking me questions about the ins and outs of my financial transactions relating to my investments, because I made multiple deposits in a short period of time. I felt like I was being interrogated and I was annoyed on why the need for that level of scrutiny. Then I remembered that criminals have used buying properties for money laundering, or their initial capital came from criminal activities. There is a posh neighbourhood near where I live, and I saw couple of rough looking families having a gathering in a restaurant. I’m pretty sure they live in that area as well, and if they are, there is a likelihood that they may have bought or are renting properties using dark money (not that rich, suit-wearing people don’t do this either).







I was going to argue against this, but then you’re right. There has been regulatory capture of socdems as they became neoliberals; who keep chasing the magical “centrist” unicorn. But in reality, who they are trying to appease are the property owning base who want their property value to keep going up and up, at the expense of the youths, families and homeless, and to appease rich donors.