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by civilitty
2978 days ago
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> a community strengthening, environmentally positive, socially worthwhile website like Streetlend If Streetlend were even remotely as you described, they would have easily made enough money to defend itself against the government - all in glorious free market fashion. All hail supply side Jesus! Oh wait, it's tiny operation making a pittance in revenue. Whoopsie! Thankfully, this is the 21st century and Western society has long ago decided that it'd rather have "the government" destroy individuals with a system of courts to appeal to rather than let anyone do whatever they wanted. Thanks Obama. |
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The ability to run a failing business is also valuable in and of itself. Look at the businesses run by the McDonalds brothers before they opened McDonald's restaurant for example, which helped them gain the experience necessary to eventually create a successful business.
>>Thankfully, this is the 21st century and Western society has long ago decided that it'd rather have "the government" destroy individuals with a system of courts to appeal to rather than let anyone do whatever they wanted.
Ah yes the 21st century, where a growing proportion of young adults live at home, have given up on starting a family, and have a shrinking pool of industries in which they can afford to start a business or career, as a result of an increasing number of well-intentioned regulations.
Regulations like GDPR are hopelessly misguided attempts to centrally plan greed and abuse out of society. The complex bureaucratic rules attempt to anticipate every permutation of commercial interaction, and predetermine the correct parameters of action for each permutation.
It's absurdly reductionist and unworkable, and only results in more rent-seeking and less efficiency.