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Investing in companies is supposed to be risky. If someone acts foolishly as per your narrative then that's their problem. I don't see why everyone's freedom ne
by maverick_iceman 10y ago
Investing in companies is supposed to be risky. If someone acts foolishly as per your narrative then that's their problem. I don't see why everyone's freedom needs to be curtailed just to save the fools from themselves.
- kalleboo 10y agoIt's all fun and libertarian games until it's your grandmother who gets scammed
- slavik81 10y agoNo scam required. You could easily lose your shirt in a company like Nortel. Never invest more than you're willing to lose. Never.
- rebuilder 10y agoIt's because individual risks, in aggregate, become systemic risks. If one person makes a poor investment they can't afford, too bad for them. If a million people get caught up in an investing mania and lose their shirts, that's going to destabilize the larger economy they're part of.
- ethan_g 10y agoIt's not just the fool's problem if they lose their money. It becomes society's problem. Someone has to take care of them. And it's not a small problem, there are a lot of "fools" out there. That's why these laws got made in the first place.