5 ms·

Have you considered the logical endpoint of your line of reasoning? Basically, loans should only be given to those who are 99% likely to pay them back. Anyone

Have you considered the logical endpoint of your line of reasoning? Basically, loans should only be given to those who are 99% likely to pay them back. Anyone who is at risk of default, say because they lost their job should be denied, making a permanent descent into poverty and misery even more likely. Health insurance should only be given to those who are already healthy. Anyone who is sick enough to significantly benefit from insurance should be rejected. Even if they have an easily treatable condition that costs $50 in medicine a month, they should be rejected, guaranteeing their health gets worse. In a world that worked so hard over centuries to create modern healthcare, we should only use it for people who barely need it. We may have literally figured out how to transplant organs and save lives, but nah its too expensive so why bother? In your world, the slightest shock in someone's life would mean all safety nets get pulled, guaranteeing they will never recover. Then that data gets fed back to an ML model, confirming that yes indeed, people who need money or healthcare never do well anyways, so why bother with a lost cause? Anyways, your worldview is fucked. Hope you think much more deeply about it. Or just grow old in the world you wish for, maybe one day you will need surgery, insurance will reject you, banks will not loan you the $200k it costs, and you will die for the sake of the algorithms and profit maximization.

tryptophan 6y ago
The purpose of risk assessment isn't to only give loans/insurance to 0 risk people. It's to quantify the level of risk. Once you know the level of risk you can then give loans, adjusting the interest rate to make up for the risk. By hiding information from lenders, you actually make them less likely to give a loan, rather than more likely. An unknown level of risk is 100x worse than a known high level of risk.
- dredmorbius 6y ago
  Maybe credit-based loans are the problem. What are the alternatives?
thegrimmest 6y ago
> Have you considered the logical endpoint of your line of reasoning? In fact I have. In my estimation, if we adopted a model of interaction that emphasizes consent, the incapable and unfortunate among us would rely on charity to have their needs met, as they have for most of history. This seems much more ethical than to rely on force through taxation. It can't be compassionate to impose your idea of compassion onto other unwilling people. It is also worth noting that as long as we consume goods made by people in conditions we don't tolerate domestically, we're being wildly hypocritical. All we've done is offshore the suffering, and in the process massively harm the environment shipping things to and from more lenient jurisdictions. > In a world that worked so hard over centuries to create modern healthcare, we should only use it for people who barely need it. We may have literally figured out how to transplant organs and save lives, but nah its too expensive so why bother? It should be reserved for those who can afford to pay for it. If you want a modern operating theatre, filled with expensive equipent and highly educated people, someone has to pay for it regardless of whether it's for yourself or for your horse. I'm only saying that the person who pays should do so consensually. Likewise, if all you can afford is a street dentist with rusty tools, then I don't see from where one derives entitlement to anything else. As mentioned earlier, we already buy things made by people who live in such conditions, so the point is moot. > Anyways, your worldview is fucked. Hope you think much more deeply about it. Or just grow old in the world you wish for, maybe one day you will need surgery, insurance will reject you, banks will not loan you the $200k it costs, and you will die for the sake of the algorithms and profit maximization. This all may be, but I will be dying with my dignity intact, not greedily reaching into the pocket of a stranger, deluded into thinking I'm entitled to what's inside.
- dredmorbius 6y ago
  Two wrongs don't make a right. Maybe we can only fix one evil at a time. The approach that rejects the rusty-tools dentist is also more likely to reject the offshored oppressive offshored (or quite frequently, domestic) labour, rather than binning all empathy looking at either, other similar situations, or worse, and shrugging it off with a "meh, not my problem". The worldview you're expressing has absolutely no dignity.

tryptophan 6y ago

The purpose of risk assessment isn't to only give loans/insurance to 0 risk people. It's to quantify the level of risk. Once you know the level of risk you can then give loans, adjusting the interest rate to make up for the risk. By hiding information from lenders, you actually make them less likely to give a loan, rather than more likely. An unknown level of risk is 100x worse than a known high level of risk.

dredmorbius 6y ago
Maybe credit-based loans are the problem. What are the alternatives?

thegrimmest 6y ago

> Have you considered the logical endpoint of your line of reasoning? In fact I have. In my estimation, if we adopted a model of interaction that emphasizes consent, the incapable and unfortunate among us would rely on charity to have their needs met, as they have for most of history. This seems much more ethical than to rely on force through taxation. It can't be compassionate to impose your idea of compassion onto other unwilling people. It is also worth noting that as long as we consume goods made by people in conditions we don't tolerate domestically, we're being wildly hypocritical. All we've done is offshore the suffering, and in the process massively harm the environment shipping things to and from more lenient jurisdictions. > In a world that worked so hard over centuries to create modern healthcare, we should only use it for people who barely need it. We may have literally figured out how to transplant organs and save lives, but nah its too expensive so why bother? It should be reserved for those who can afford to pay for it. If you want a modern operating theatre, filled with expensive equipent and highly educated people, someone has to pay for it regardless of whether it's for yourself or for your horse. I'm only saying that the person who pays should do so consensually. Likewise, if all you can afford is a street dentist with rusty tools, then I don't see from where one derives entitlement to anything else. As mentioned earlier, we already buy things made by people who live in such conditions, so the point is moot. > Anyways, your worldview is fucked. Hope you think much more deeply about it. Or just grow old in the world you wish for, maybe one day you will need surgery, insurance will reject you, banks will not loan you the $200k it costs, and you will die for the sake of the algorithms and profit maximization. This all may be, but I will be dying with my dignity intact, not greedily reaching into the pocket of a stranger, deluded into thinking I'm entitled to what's inside.

dredmorbius 6y ago
Two wrongs don't make a right. Maybe we can only fix one evil at a time. The approach that rejects the rusty-tools dentist is also more likely to reject the offshored oppressive offshored (or quite frequently, domestic) labour, rather than binning all empathy looking at either, other similar situations, or worse, and shrugging it off with a "meh, not my problem". The worldview you're expressing has absolutely no dignity.