There is a major difference in what people say and what people do. It is easy to say "I don't mind losing $10k" when you believe that there's a non-negligible c

There is a major difference in what people say and what people do. It is easy to say "I don't mind losing $10k" when you believe that there's a non-negligible chance you will come out with $10M. When that $10k gets lost and the $10M never shows up, the tune is different. Humans will always deflect blame. When this happens to a substantial number of people, the discontent is palpable enough to threaten social stability and the civil order. The SEC was formed specifically to prevent, mitigate, and respond to such incidents before they have the opportunity to escalate. Call this what you will and take offense if you must, but the consequences of anarchy are not at all as rosy as most "anarcho-capitalists" imagine in their thought experiments.