3 ms·
> Your list is hilarious because it's how business is done in all of the parts of the US that are unlike where you live. It's also the typical scare mongering
by Melting_Harps 4y ago
> Your list is hilarious because it's how business is done in all of the parts of the US that are unlike where you live.
It's also the typical scare mongering that you see with people who seem oblivious to the fact that in the absence of these systems a rating system becomes critical and you have a myriad of people wanting to act as arbiter or intermediary to ensure QA/QC.
Darkmarkets were pretty critical in seeing what this would look like, and while it was far from perfect it showed what things would look like if it were to transition out of a State based regulatory body and instead relied on Market based forces.
I will grant that Markets are not perfect and cannot account for all externalities or be able to offset seemingly inevitable paradigm shifts like climate change as they tend to lag behind incumbent tech (that is often subsidized by those who supposedly are regulating them no less) but most of that was in regards to Consumer goods/services at the retail level which can be solved in an iterative process.
What will likely occur and is my bigger worry is monopolization, unfortunately. But then that has already happened the most critical Industries as it is.