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No, societies recognize that everyone shouldn't need to be a doctor/engineer/financial analyst to avoid harm in daily activities, so we collectively empower reg

by mLuby 6y ago

No, societies recognize that everyone shouldn't need to be a doctor/engineer/financial analyst to avoid harm in daily activities, so we collectively empower regulators like the FDA/FAA/SEC to protect us from unfettered capitalism. Likewise we shouldn't expect people to all be computer security experts, but we should expect regulators to keep us safe by creating standards and enforcing penalties for companies failing to meet them. I'm not saying we need a new regulatory agency, but we do need enforced regulation with scalable teeth.

qudat 6y ago
> No, societies recognize that everyone shouldn't need to be a doctor/engineer/financial analyst to avoid harm in daily activities, so we collectively empower regulators like the FDA/FAA/SEC to protect us from unfettered capitalism. This centralizes power to a few at the expense of the many. Furthermore I deem the social contract to be unethical so I would not include myself in the "everyone" camp. I'd much rather see watchdog organizations regulate the market.
- briandear 6y ago
  Agree. Insurance companies can play a part in that as well. Requiring certain standards be met before writing coverage or covering a loss. However, the FTC needs to play a bigger role in enforcing Clayton. Facebook should never have been allowed to buy Instagram or WhatsApp.
- mLuby 6y ago
  You the individual have no power to make Facebook, or any large organization, change its behavior. To it, you are like an ant is to a human. There is no "at the expense of the few" when you have nothing. But just as a colony of ants can destroy a house, so too can we puny humans, when united, extract demands from huge corporations. Individual regulators do the actual fighting, but they do so on our behalf, with our collective backing. (Side note: so cool of you for disagreeing with the social contract, though your edgy dissent is only possible because the majority do accept government.)

by mLuby 6y ago

qudat 6y ago

> No, societies recognize that everyone shouldn't need to be a doctor/engineer/financial analyst to avoid harm in daily activities, so we collectively empower regulators like the FDA/FAA/SEC to protect us from unfettered capitalism. This centralizes power to a few at the expense of the many. Furthermore I deem the social contract to be unethical so I would not include myself in the "everyone" camp. I'd much rather see watchdog organizations regulate the market.

briandear 6y ago
Agree. Insurance companies can play a part in that as well. Requiring certain standards be met before writing coverage or covering a loss. However, the FTC needs to play a bigger role in enforcing Clayton. Facebook should never have been allowed to buy Instagram or WhatsApp.
mLuby 6y ago
You the individual have no power to make Facebook, or any large organization, change its behavior. To it, you are like an ant is to a human. There is no "at the expense of the few" when you have nothing. But just as a colony of ants can destroy a house, so too can we puny humans, when united, extract demands from huge corporations. Individual regulators do the actual fighting, but they do so on our behalf, with our collective backing. (Side note: so cool of you for disagreeing with the social contract, though your edgy dissent is only possible because the majority do accept government.)