3 ms·
Disagree. The gatekeepers exist for a reason. You can make a pink sheet stock. There was a time when anyone could issue their own stock or currency. It was not
by dd36 6y ago
Disagree. The gatekeepers exist for a reason. You can make a pink sheet stock. There was a time when anyone could issue their own stock or currency. It was not better. It's why securities laws were made.
There is not a lack of lenders and loans for people to access.
These are still solutions in search of problems
- kolinko 6y agoI didn’t argue for the need of regulations, and I don’t argue with the reasons. I argue with the solution. You could use your argument for reintroducing gatekeepers to information economy. If we banished social media and independent blogs, and got back to a bunch of government-approved publishers, we would get rid of fake news, anti-science and populism within a day. But the cost is too great and we are looking for other solutions. Ditto with arxiv and Elsevier. You can say a lot of bad things about Elsevier, but not in terms of the quality of papers. Gatekeepers stiffle innovation in exchange for safety. And there are other ways to arrive at safety than through gatekeepers. (e.g. by punishing people who abuse the system post-facto).