It’s Not So Much …


To receive a free full-text email of The Zeitgeist whenever we publish to the website, please sign up here. You’ll get two or three of these emails every week, and your email will not be shared with anyone. Ever.


For some reason, it’s not so much the fact that Harvey Weinstein is using a walker to make his appearances in court that makes me want to burn the world down.

It’s the popped collars.

It’s the bevy of 400-pound “assistants”.

What a freakin’ charade.


Harvey Weinstein, Ex-Associates, Accusers Reach Tentative $47 Million Settlement    [Wall Street Journal]

“Harvey Weinstein, his former associates, insurers and accusers have reached a nearly $47 million tentative settlement of almost all the civil cases pending against him, about $25 million of which will compensate women who have accused the Hollywood producer of sexual misconduct, according to people familiar with the matter.”


For some reason, it’s not so much the fact that only $25 million of the $47 million settlement is going to the actual victims of this serial rapist that makes me want to burn the world down.

It’s that the settlement will be paid for by insurance policies.

It’s that more money is going to creditors of the film studio ($7 million) than is going to the women who actually brought the civil suit ($6 million).

It’s that $12 million is going to pay the lawyers who defended Weinstein’s partners.

It’s that $1 million is going to Weinstein himself to defend him against accusers who didn’t join the settlement.

I think Harvey Weinstein will be acquitted in his criminal trial … or at worst he’ll plead out to a much lesser set of charges. And when that happens, he’s golden. He’ll still have all his money. He’ll still have his freedom. He’ll still have an audience willing to pay attention to what he says. Maybe he’ll move to France and hang out with his hero, Roman Polanski.

If you don’t see that there is one set of rules for the very rich and another set of rules for everyone else … if you don’t see that there is an unaccountable political power that accrues to the very rich in both big social ways and in small personal ways … well, you’re just not paying attention.

When I was boy, I would stand up every morning in school and pledge allegiance to a flag that promised liberty and justice for all. I bet you did, too.

More and more, I think we were played for fools.



Comments

  1. As ever, members of the Ancien Régime go down hard or not at all. Grace, humility, and contrition are absent from their cloth. Either way will be ugly and unsatisfying. Still, like you, I suspect the “hard” outcome (less likely) would be vastly closer to justice in this case.

    P.S. Ironic, isn’t it, that after a career proximate to film stars & scripts Harvey can’t act to save his life. If he honestly needed a walker he’d have a $200+ rollator model, not that ridiculous folding prop from the 1980’s his lawyers picked up at CVS on the way to court. File that one under: “They’re-not-even-pretending-anymore.”

  2. I had a friend in college. He was a good guy and he would never hurt anyone. Very mild-mannered type. One day he was accused of a Very Bad Thing. He was able to prove that he did not do this thing, mostly because he was 700 miles away at the time it occured. But it still ruined his reputation within a certain circle of people, namely all the people he knew and was associated with. He left college, moved out of state, and after a year in exile came back. He paid more in terms of personal pain and opportunity lost for a crime he didn’t commit than Harvey Weinstein will for actual, real crimes against actual, real victims. There are–and always have been–two systems. That we just roll our eyes at it shows how willing we are to accept such a world.

  3. This struck a chord with me as I’ve had similar reactions to the massive opiate related settlements. The states and other entities, who are sponsoring methadone clinics and other non-effective solutions are collecting the court awards as if they are the damaged parties. Yeah and the lawyers. From companies (and their “rake takers”) making millions who will still have their millions.

    Someone close to me became addicted to these insidious opiates. Luckily we were able to get this person out of this before they became another of the hundreds of thousands of deaths. The way out - after three failed rehabs plus numerous failed aftercare programs - was to go to a long term intensive treatment program. It took about a year. Insurance covered about a month of that. Thank the Good Lord we had the resources to fund the rest. Most do not and we see the sad results.

    All of that money being awarded - not sure where it’s going…

  4. Avatar for bhunt bhunt says:

    It really was a CVS special, right?

  5. Avatar for bhunt bhunt says:

    Well said. And so right.

  6. Not only that, but think about how folks who really need walkers actually use them. Typical ambulation is (1) push the walker a step ahead of you, (2) support much of your weight using your hands and arms and (3) take a step forward into the confines of the walker. Repeat ad infinitum. Look at the top picture, and you’ll see that the walker is too far out in front of him to be legitimately used in this fashion…unless he’s using it differently, say to just push around in front of him, more like a prop…
    https://www.youtube.com/watch?v=0pVFhz-Bff8

Continue the discussion at the Epsilon Theory Forum

Participants

Avatar for bhunt Avatar for Desperate_Yuppie Avatar for quickxotica Avatar for jroscoe Avatar for bkdulacyahoo-com

The Daily Zeitgeist

ET Zeitgeist: Raccoons Never Sleep

By Ben Hunt | May 28, 2021 | 5 Comments

Lemonade (LMND) isn’t just an insurance company. No, no … they’re an AI Company! ™.

Plus Chamath is up to his old tricks.

I hate raccoons.

Inflation as Ad Campaign

By Ben Hunt | May 24, 2021 | 0 Comments

An ET Pack member sent me this. Anyone else come across ads that directly call out inflation expectations? Would love to collect more screenshots like…

Many People Are Saying … Bitcoin is Art

By Ben Hunt | May 24, 2021 | 0 Comments

The Bitcoin Is Art thesis that I put out back in 2015 (The Effete Rebellion of Bitcoin) and recently put forward again (In Praise of…

Carny Barkers

By Ben Hunt | August 13, 2020 | 18 Comments

In the age of capital markets as carny show, we are told by barkers like Cramer that this is what a smart investor or management team does … they should look to the grift du jour for their edge.

Get Me Tools and a Beer!

By Rusty Guinn | August 10, 2020 | 9 Comments

There is nothing wrong with wanting the US to bring back certain critical manufacturing industries to its shores.

But don’t buy the narrative that a crazy scheme like the Kodak grift is the only way to make it happen.

Deep Sociopathy

By Ben Hunt | August 6, 2020 | 6 Comments

Is murder bad? Hmm, I dunno. What are the chances I will be caught and what price will I pay if that happens? If the odds are high enough and the price steep enough, then yeah, I guess THAT would be bad. But the act of murder itself? I mean, I’m sure whoever I murdered – if I were to murder someone, that is, because I really don’t think you can prove that I did – was getting in the way of something that was very important to me. When you really think about it, they were doing the bad thing! Why do you ask?

Welcome to the world of commodity trade finance.

DISCLOSURES
This commentary is being provided to you as general information only and should not be taken as investment advice. The opinions expressed in these materials represent the personal views of the author(s). It is not investment research or a research recommendation, as it does not constitute substantive research or analysis. Any action that you take as a result of information contained in this document is ultimately your responsibility. Epsilon Theory will not accept liability for any loss or damage, including without limitation to any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Consult your investment advisor before making any investment decisions. It must be noted, that no one can accurately predict the future of the market with certainty or guarantee future investment performance. Past performance is not a guarantee of future results.

Statements in this communication are forward-looking statements. The forward-looking statements and other views expressed herein are as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements, and there is no guarantee that any predictions will come to pass. The views expressed herein are subject to change at any time, due to numerous market and other factors. Epsilon Theory disclaims any obligation to update publicly or revise any forward-looking statements or views expressed herein. This information is neither an offer to sell nor a solicitation of any offer to buy any securities. This commentary has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Epsilon Theory recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.