4 ms·

Let me propose an alternate theory: fines and enforcement have become too small, so-as to become just a cost of doing business. Many of these employees are so-

Let me propose an alternate theory: fines and enforcement have become too small, so-as to become just a cost of doing business. Many of these employees are so-incentivized by fiscal profit that they fail to see the immorality, just seeing opportunity. Maybe if our regulators weren't in bed with so many of the major funds... "If you think there's a solution, you're part of the problem." —George Carlin (Conan O'brien interview)

deleted 2y ago
[deleted]
paulddraper 2y ago
You're gonna have to connect some dots to legal fines, etc.
- ProllyInfamous 2y ago
  Your request requires a consultation. Fortunately we also receive miniscule enforcement/penalties. Press `X` to accept terms & conditions.
alexashka 2y ago
Yes, but go on taking the logical steps: why are the regulators in bed with so many of the major funds? You very quickly boil it down to morality and ethics. Americans have a broken ethics code that says the free market magically solves the need for anyone to be a good person - if someone's a selfish ass, the free market and 'competition' will magically fix it. Therefore I can be in bed with whoever I like, whenever I like - both literally and figuratively. Life wasn't too bad as long as Americans believed in religions and this extremely stupid free market idea was balanced by an extremely stupid idea of God that wants you to be 'good'. Now that Americans are unconstrained by anything and further emboldened by extremely stupid ideas of magical free markets - they're well on their way to societal collapse. This is why Jordan Peterson is trying to bring God back - he knows Americans are a collapsing, degenerate culture. It's the wrong move and it won't work but he (unlike 99% of people) at least understands the root the problem. Oh well. I wouldn't mind it too much because stupid societies full of stupid people should and do inevitably collapse but these stupid people have nuclear weapons. The way it's going - we will have nuclear war. ps. most other cultures are also extremely stupid (they just have a different set of extremely stupid ideas). Americans just happen to have become the world ruler so they're of greater interest.
- ProllyInfamous 2y ago
  >why are the regulars in bed with so many of the major funds? "Show me the incentive, and I'll show you the outcome" —Charlie Munger (RIP) Money? Is the answer to your question money?
- pphysch 2y ago
  Which contemporary cultures are not "extremely stupid", in your opinion?
  - alexashka 2y ago
    I've provided all the necessary information to piece it together without explicitly telling you. That was not an accident.
    - pphysch 2y ago
      Given the reddit energy of these posts, I'm guessing it's a Japan/Scandinavia preference. Right or wrong?
      - deleted 2y ago
        [deleted]
  - FactKnower69 2y ago
    you might start by narrowing it down to the ones that have managed to complete a public works project in the past 20 years
- lucianbr 2y ago
  You should read about the popes in medieval times. Point being, everything you wrote is about humans, not about americans. And having religion changed nothing. Who knows what those people believed inside their minds, but outward they had religion, and outward is all we can see for anyone. > stupid societies full of stupid people should and do inevitably collapse No society endures forever it seems (maybe I'm misinformed?), but no society is immune to stupidity, so I'm not sure your statement about stupid societies actually has meaning. Collapse is certain, the causes less so. I take solace in the fact that either nuclear annihilation or some kind of climate disaster, seems inevitable, but also nobody's fault in particular. We could avoid it if we weren't human. But I'm not sure that I want that. The good would likely be gone with the bad. Maybe the cokroaches will manage better, or the robots, but maybe the Fermi paradox solution is that life always evolves to be too greedy for it's own good.
xbar 2y ago
Fines are trivial.
- nothercastle 2y ago
  It Usally costs more to process the fine internally then the nominal value of the fine
- kolbe 2y ago
  I find it less that the fines are trivial than it is fines are levied on the wrong entities. Consultants break the law--fine them personally. Police's officers abuse power--fine them personally. Bankers shirk regulation--fine them personally. Nothing will ever change if the people committing the acts aren't the ones punished.

deleted 2y ago

[deleted]

paulddraper 2y ago

You're gonna have to connect some dots to legal fines, etc.

ProllyInfamous 2y ago
Your request requires a consultation. Fortunately we also receive miniscule enforcement/penalties. Press `X` to accept terms & conditions.

alexashka 2y ago

Yes, but go on taking the logical steps: why are the regulators in bed with so many of the major funds? You very quickly boil it down to morality and ethics. Americans have a broken ethics code that says the free market magically solves the need for anyone to be a good person - if someone's a selfish ass, the free market and 'competition' will magically fix it. Therefore I can be in bed with whoever I like, whenever I like - both literally and figuratively. Life wasn't too bad as long as Americans believed in religions and this extremely stupid free market idea was balanced by an extremely stupid idea of God that wants you to be 'good'. Now that Americans are unconstrained by anything and further emboldened by extremely stupid ideas of magical free markets - they're well on their way to societal collapse. This is why Jordan Peterson is trying to bring God back - he knows Americans are a collapsing, degenerate culture. It's the wrong move and it won't work but he (unlike 99% of people) at least understands the root the problem. Oh well. I wouldn't mind it too much because stupid societies full of stupid people should and do inevitably collapse but these stupid people have nuclear weapons. The way it's going - we will have nuclear war. ps. most other cultures are also extremely stupid (they just have a different set of extremely stupid ideas). Americans just happen to have become the world ruler so they're of greater interest.

ProllyInfamous 2y ago
>why are the regulars in bed with so many of the major funds? "Show me the incentive, and I'll show you the outcome" —Charlie Munger (RIP) Money? Is the answer to your question money?
pphysch 2y ago
Which contemporary cultures are not "extremely stupid", in your opinion?
- alexashka 2y ago
  I've provided all the necessary information to piece it together without explicitly telling you. That was not an accident.
  - pphysch 2y ago
    Given the reddit energy of these posts, I'm guessing it's a Japan/Scandinavia preference. Right or wrong?
    - deleted 2y ago
      [deleted]
- FactKnower69 2y ago
  you might start by narrowing it down to the ones that have managed to complete a public works project in the past 20 years
lucianbr 2y ago
You should read about the popes in medieval times. Point being, everything you wrote is about humans, not about americans. And having religion changed nothing. Who knows what those people believed inside their minds, but outward they had religion, and outward is all we can see for anyone. > stupid societies full of stupid people should and do inevitably collapse No society endures forever it seems (maybe I'm misinformed?), but no society is immune to stupidity, so I'm not sure your statement about stupid societies actually has meaning. Collapse is certain, the causes less so. I take solace in the fact that either nuclear annihilation or some kind of climate disaster, seems inevitable, but also nobody's fault in particular. We could avoid it if we weren't human. But I'm not sure that I want that. The good would likely be gone with the bad. Maybe the cokroaches will manage better, or the robots, but maybe the Fermi paradox solution is that life always evolves to be too greedy for it's own good.

xbar 2y ago

Fines are trivial.

nothercastle 2y ago
It Usally costs more to process the fine internally then the nominal value of the fine
kolbe 2y ago
I find it less that the fines are trivial than it is fines are levied on the wrong entities. Consultants break the law--fine them personally. Police's officers abuse power--fine them personally. Bankers shirk regulation--fine them personally. Nothing will ever change if the people committing the acts aren't the ones punished.