5 ms·

laying the ideological foundation for socialising of losses, privatising of profits and destruction of the environment.

robertlagrant 3y ago
It's really not. Profits are taxed. Losses are lost by investors. The environment should be protected by regulations, not by relying on good will. That way the boundaries are clear and companies can do what they do best: allocate resources efficiently, towards demand, within rules.
- cwillu 3y ago
  Regulations should be a backstop after decency and goodwill fails. No one facet of the structure society is made of can support all of society, there needs to be safety factors in the building materials.
  - robertlagrant 3y ago
    > Regulations should be a backstop after decency and goodwill fails People won't know the implications of decisions without regulations to help them. Of course businesses are populated by people, who will try and do the right thing if that's how they are, but that doesn't mean they know what the right thing is. > No one facet of the structure society is made of can support all of society, there needs to be safety factors in the building materials. I can't parse this, sorry. Happy to have a read if you reword.
    - cwillu 3y ago
      Relying on one mechanism (say, regulations) as the sole means of making sure that society functions well, is a recipe for dysfunction.
      - robertlagrant 3y ago
        "Society functions well" is far too broad a brush. We're talking about what companies should do.
    - cwillu 3y ago
      > People won't know the implications of decisions without regulations to help them. That's a pretty expansive view of government; I'll grant that regulations are one mechanism for communicating the implications of decisions, but to say that people can't know the implications without regulations? That just seems silly to the point that I'm unsure if I'm intended to legitimately engage with that viewpoint; is that your actual opinion?
      - robertlagrant 3y ago
        I'd rather stick to the topic of discussion than start discussing the discussion. Do you have a point to make?
- 5350-uiop-1130 3y ago
  another gift of the friedman neolib era was massive deregulation.

It's really not. Profits are taxed. Losses are lost by investors. The environment should be protected by regulations, not by relying on good will. That way the boundaries are clear and companies can do what they do best: allocate resources efficiently, towards demand, within rules.

cwillu 3y ago
Regulations should be a backstop after decency and goodwill fails. No one facet of the structure society is made of can support all of society, there needs to be safety factors in the building materials.
- robertlagrant 3y ago
  > Regulations should be a backstop after decency and goodwill fails People won't know the implications of decisions without regulations to help them. Of course businesses are populated by people, who will try and do the right thing if that's how they are, but that doesn't mean they know what the right thing is. > No one facet of the structure society is made of can support all of society, there needs to be safety factors in the building materials. I can't parse this, sorry. Happy to have a read if you reword.
  - cwillu 3y ago
    Relying on one mechanism (say, regulations) as the sole means of making sure that society functions well, is a recipe for dysfunction.
    - robertlagrant 3y ago
      "Society functions well" is far too broad a brush. We're talking about what companies should do.
  - cwillu 3y ago
    > People won't know the implications of decisions without regulations to help them. That's a pretty expansive view of government; I'll grant that regulations are one mechanism for communicating the implications of decisions, but to say that people can't know the implications without regulations? That just seems silly to the point that I'm unsure if I'm intended to legitimately engage with that viewpoint; is that your actual opinion?
    - robertlagrant 3y ago
      I'd rather stick to the topic of discussion than start discussing the discussion. Do you have a point to make?
5350-uiop-1130 3y ago
another gift of the friedman neolib era was massive deregulation.