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>> You could say that humanity has repeatedly and organically come to a solution broadly known as government and regulation. > Worked great in 2008. Wasn't 20
by Slansitartop 9y ago
>> You could say that humanity has repeatedly and organically come to a solution broadly known as government and regulation.
> Worked great in 2008.
Wasn't 2008 at least partially the result of having banking regulations withdrawn/weakened over the prior decades?
If so, isn't it pretty bogus and misleading judge the effectiveness of financial regulation from that event? It's like saying airbags don't help in a crashes, because yours was removed and you smacked your face against the steering wheel in a crash.
- hndamien 9y agoYou still had a system that decided removing airbags was a good idea. Then, when getting smacked in the face, doing nothing to the people involved in removing the airbags or causing the face smacking.
- Slansitartop 9y agoThat doesn't really reflect on the suitability or effectiveness of regulation to address the problem. Greedy, ignorant people who failed to study and learn from the past can be the decision-makers, too.
- hndamien 9y agoThen you have a systemic problem allowing greedy ignorant people to be decision makers. Not sure how to fix this, but I believe there is a solution.