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Most regulation is inspired or at least sold to the public based on prior willful negligence or intentionally harmful practices. There wouldn’t be regulation if
by mint2 4y ago
Most regulation is inspired or at least sold to the public based on prior willful negligence or intentionally harmful practices. There wouldn’t be regulation if people followed some “do no harm principle” which is an utterly unrealistic libertarian fantasy like completely informed participants.
- Meandering 4y agoI agree that regulation is a useful tool for society. As a quasi-libertarian, I just want to explain one reason why libertarians don't like regulation. Facebook is calling for regulation on censorship... a business is asking to be regulated... this means that it's within there profit incentive to ask for government control. They must have a high level of confidence that they can mold regulation to suit their needs. The financial industry is probably one of the most corrupt industry when it comes to private-regulatory cooperation. I believe that crypt regulation will be to the advantage of all the high profile financial players that have moved into the space. Bashing regulation for the sake of bashing regulation is a bit reductive. However, assuming regulation is the government applying order to chaos is also a bit reductive.
- mint2 4y agoYeah that’s why I qualified the statement with “sold to”