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> The whole point of finance is maximizing profits; I think that people need to understand and accept this for us to have a meaningful discussion. If we don't
by yodsanklai 10y ago
> The whole point of finance is maximizing profits; I think that people need to understand and accept this for us to have a meaningful discussion.
If we don't agree with your axiom, we're not worth joining the discussion?
Everybody agrees that regulations are an extremely important and unavoidable part of finance, even when they go against profit maximization.
- Godel_unicode 10y agoThose regulations are intended to maximize profits globally at the expense of decreasing them locally.
- aninhumer 10y agoNo, they're intended to maximise utility. Profits may or may not correspond to utility, depending on the nature of the market. And indeed, many regulations are intended to work by improving that correspondence (by internalising externalities).