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I guess your assumption is people know what they are doing. Looking at legal bank products with derivates and who got into other speculative products in the pas
by consp 5y ago
I guess your assumption is people know what they are doing. Looking at legal bank products with derivates and who got into other speculative products in the past decades most people didn't see they were being manipulated into buying a product for which the risks where greater than they could afford.
This is a different stance from the America libertarian view of "everyone is responsible for their own actions" mostly because the balance of power is greatly in favour of the companies.
- meowkit 5y ago> I guess your assumption is people know what they are doing. My assumption is most people do not know what they are doing when it comes to trading equities or derivatives. There are other solutions to your concerns - namely required training explaining risks, an approval process, and not allowing derivatives to be recommended by platforms. Outright bans come from ulterior motives or incompetence. My stance is not what you have presented. If I had to briefly summarize my stance: let people make reasoned decisions for themselves, and provide safeguards to mitigate the most common accidents.
- 3np 5y agoNotable that US legislation does not take this “America libertarian view”. Like how a huge class of investments are not legally accessible to anyone who’s not an “accredited investor”, with requirements such as 1M$ net worth.