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Memory bugs aren't intelligent. You never find one changing it's nature or behavior to avoid debugging (even if it feels that way sometimes). Bankers are human

Memory bugs aren't intelligent. You never find one changing it's nature or behavior to avoid debugging (even if it feels that way sometimes). Bankers are humans, the most intelligent species we know of. They want to be bad actors, and they're constantly dreaming up ways to do it better. Any infrastructure or regulations will eventually (and probably soon) be co-opted. Furthermore, given the nature of regulations (that 1% are in control of them, and the other 99% are beholden), once co-opted they will be impossible to modify to repeal. Now they help the bad guys do bad things, and they're not going to let you take them away. It gets worse, because humans are intelligent. If they spent all that effort co-opting these regulations, might it not be better to write the regulations in the first place? Much less effort for something even more adapted for them to do bad things. And since the nature of legislatures is that 0.01% are on control of them, and the other 99.99% are beholden to them, once co-opted it's impossible to repair the damage. So no, we don't need infrastructure. We need that like we need a hole in the head.

nitrogen 12y ago
It gets worse, because humans are intelligent. If they spent all that effort co-opting these regulations, might it not be better to write the regulations in the first place? Much less effort for something even more adapted for them to do bad things. If the regulations raise the cost of malfeasance such that bad actors have to expend more to maintain their badness, then even fully captured regulations can still be a net positive. In other words, the bad actors are still bad, but there are fewer of them left, and they can't be quite as bad because it's more expensive to maintain the regulatory capture.
- NoMoreNicksLeft 12y ago
  They don't raise the cost. They raise expenditures, but the benefits of capturing banking regulations are so great that the net gain is astronomical. > In other words, the bad actors are still bad, but there are fewer of them left, No. They can recruit. Any personnel shortfalls are temporary.

nitrogen 12y ago

It gets worse, because humans are intelligent. If they spent all that effort co-opting these regulations, might it not be better to write the regulations in the first place? Much less effort for something even more adapted for them to do bad things. If the regulations raise the cost of malfeasance such that bad actors have to expend more to maintain their badness, then even fully captured regulations can still be a net positive. In other words, the bad actors are still bad, but there are fewer of them left, and they can't be quite as bad because it's more expensive to maintain the regulatory capture.

NoMoreNicksLeft 12y ago
They don't raise the cost. They raise expenditures, but the benefits of capturing banking regulations are so great that the net gain is astronomical. > In other words, the bad actors are still bad, but there are fewer of them left, No. They can recruit. Any personnel shortfalls are temporary.