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As a society we believe that allowing people of modest means to be swindled out of their savings is an unacceptable outcome and have enacted a large battery of

by CPLX 8y ago

As a society we believe that allowing people of modest means to be swindled out of their savings is an unacceptable outcome and have enacted a large battery of laws to avoid it. These laws came about from very real and serious experiences that were, in fact, catastrophic for many communities. It's a real live problem, and it goes back a long way. If you want to argue about the details that's great, but any discussion has to start with the reality that an unregulated market leads to really unwanted outcomes here. You can also do the "who cares if people want to get swindled let them" approach, but recognize that you've been outvoted on this topic, we've decided to protect people like we try to protect people from unsafe food, consumer products scams, and many other situations.

Karunamon 8y ago
>If you want to argue about the details that's great, but any discussion has to start with the reality that an unregulated market leads to really unwanted outcomes here. Then it's a good thing nobody here, least of all me, asked for "unregulated markets". Literally your entire post is either responding to points I didn't make, or makes arguments I already addressed, making this exchange a complete waste of time for both of us.
noarchy 8y ago
I'm not sure that OP was referring to people being swindled, specifically, so you speaking on behalf of society (the "we" stuff) probably wasn't needed. I think it is understood that the regulations are in place to mitigate risk for the most vulnerable. Whether this has been the right implementation (income vs some other means) is what I think OP was getting at.
CryptoPunk 8y ago
As a society we don't believe anything. Some people believe marriage is between a man and a woman. Some people believe marijuana should be banned for the good of the population. Some, like you, believe that we should prevent poor people from making investments that the government has not vetted. >>If you want to argue about the details that's great, but any discussion has to start with the reality that an unregulated market leads to really unwanted outcomes here. Are you saying that the discussion has to start from the premise that on the balance, the outcome of unregulated markets is less desirable than that of a regulated market? Because I would strongly contest that premise.

by CPLX 8y ago

Karunamon 8y ago

>If you want to argue about the details that's great, but any discussion has to start with the reality that an unregulated market leads to really unwanted outcomes here. Then it's a good thing nobody here, least of all me, asked for "unregulated markets". Literally your entire post is either responding to points I didn't make, or makes arguments I already addressed, making this exchange a complete waste of time for both of us.

noarchy 8y ago

I'm not sure that OP was referring to people being swindled, specifically, so you speaking on behalf of society (the "we" stuff) probably wasn't needed. I think it is understood that the regulations are in place to mitigate risk for the most vulnerable. Whether this has been the right implementation (income vs some other means) is what I think OP was getting at.

CryptoPunk 8y ago

As a society we don't believe anything. Some people believe marriage is between a man and a woman. Some people believe marijuana should be banned for the good of the population. Some, like you, believe that we should prevent poor people from making investments that the government has not vetted. >>If you want to argue about the details that's great, but any discussion has to start with the reality that an unregulated market leads to really unwanted outcomes here. Are you saying that the discussion has to start from the premise that on the balance, the outcome of unregulated markets is less desirable than that of a regulated market? Because I would strongly contest that premise.