He’s just going to get people killed. But that’s ok he doesn’t give a shit anyways, so it’s moot. What are a few thousand dead peasants when we could make big stock number go up?
He’s just going to get people killed. But that’s ok he doesn’t give a shit anyways, so it’s moot. What are a few thousand dead peasants when we could make big stock number go up?
Your list has most of the highlights, but you’re missing 2 really important one: 1. food safety. I guess Americans don’t care what is being sprayed on their vegetables or what diseases their meat might have. And 2. environmental. Burning rivers, even more wildfires, smog in all your cities, toxic waste in your lakes, etc. Don’t think they won’t start polluting like crazy if they can.
All regulations means ALL regulations; even the ones most people would think are so common sense they don’t expect them to go away. They will. If it makes more money, they’ll get rid of any and all regulations.
Number 3 is interesting for me… The finance sector is pretty aware of the need to control stupid risk taking, and the don’t want another GFC, so I guess they’d (broadly) want to keep some of the regulation around that. What else is there? General bad acting and things like excessive fees? That also seems to be a risk driver, in the long term, as it leads to e.g. increased loan defaults… Where do you think the key problems would be?
Edit: whoops, this was supposed to be in reply to @[email protected]
What makes you think big finance likes to keep regulation? Someone’s loss is another one’s profit. Some people become very very rich from financial crises.
Because market crashes are not good for anyone in the sector… Hence I think the regulations brought in via the FSB in response to the GFC were broadly accepted (though probably with varying degrees of willingness).
Yeah I stopped at three when I realised I could be there all day when it comes to regulations that private companies need to adhere to. But I would agree those should have been on my abridged list too.
Ha, oh I get it. You are exactly right, the list is pretty much endless!