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by Bjartr
1874 days ago
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You come across as underestimating the scale of the economy and the lengths people already go to in the name of greed today. You speak about regulation as though it's some new idea. It's not. There's oodles of regulation, layered over a few centuries of people gaming and exploiting the system and the system coming up with new ways to identify and stop it. People are more clever than you give them credit for and are more likely to simply game the system you describe to leverage things even more. You say by making it harder to be greedy people will stop being greedy. I say it's more likely they'll find new ways of being greedy before they give it up. Then you're back to square one, but with a more complex system that costs more to simply maintain the status quo. |
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Some people may interpret it as a naive point of view. I don't think that's the case.
The "layers" of regulation I think could possibly be likened to a legacy code-base that has accumulated patches on top of patches on top of patches. But in reality the problem isn't that that was necessary. In reality maybe the original code kinda sucked or had a few malicious patches injected over the years (ie. case law, supreme court decisions, etc)