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Not sure if that's earnest or satirical - remove all the regulation, and things will improve for some, but I am not optimistic they'll be ordinary people. It se
by blacksmith_tb 2y ago
Not sure if that's earnest or satirical - remove all the regulation, and things will improve for some, but I am not optimistic they'll be ordinary people. It seems much more likely to me that wild-west financial transactions will benefit banks and not ordinary folks? I am quite fond of regulations limiting arbitrary fees, for example...
- llamaimperative 2y agoI believe GP's comment is a reference of Chesterton's Fence [1] (an excellent image to load into your brain!). I think they agree with you. [1] https://fs.blog/chestertons-fence/ https://fs.blog/chestertons-fence/
- labster 2y agoThat, and also adding that naive reformist attitudes are incredibly common. Chesterton’s fence is a cognitive tool a lot of people don’t have, or that they only manage to apply in one narrow field of expertise. “I don’t know how anyone could think X” where X is a naive position, is kind of funny, so I replied kind of funnily to remind people that the underlying principle is not obvious.