Oh Great Ghu. We float in a sea of fraud. The investment laws are not about stopping it, they are about giving Goldman Sachs a percentage of every fraud. Gol

Oh Great Ghu. We float in a sea of fraud. The investment laws are not about stopping it, they are about giving Goldman Sachs a percentage of every fraud. Goldman would implode tomorrow if random assholes could just cheat each other directly. Take the fucking red pill, Neo. The historical evidence is that complete fraud control produces water empires that are destroyed by the first barbarian to ride into town. The destruction is generally so complete that a dark age follows. Forget taxpayers holding the bag, you need archeologists to figure out what happened from the bits of that society that would not burn. Conversely, the Western Enlightenment showed that you can get growth and prosperity undreamed by the kings of old even in the face of pervasive investment fraud. What counts is a culture of liberty, optimism, and a commitment to basic policing. Or to put it another way, it's worth the life savings of a lot of senile grandmothers if the wild-eyed schemer sometimes actually delivers a goose that lays gold eggs.