Comment by godelski
1 day ago
I often have the question: how much money do we waste on selfishness.
It's a clear example here. Meta is wasting good customer's money by showing them alongside scams and just devaluing ads by decreasing user trust. But also we only have these regulatory agencies because of this type of selfish behavior in the first place.
It sucks that these regulatory agencies cost so much money. But why do we blame the government? It's completely a problem we create. If people and companies didn't act like shit we wouldn't need those expenses in the first place. Let's not blame the regulators (for existing, but do for being ineffective) and blame the "bad apples" that are spoiling the barrel.
But what I do appreciate is that other countries are stepping up and not just waiting for the US to fix things. Real progress is being made because of this even if it still has a long way to go.
> But why do we blame the government? It's completely a problem we create.
Yes but if the government is ineffective at solving the issue with the vast amounts of money we give them, we now have two problems.
Your point basically boils down to "regulators are ineffective, but that's okay because the original problem isn't their fault". Sorry, but I actually care about throwing my hard earned money into the void because it's "ok" that the regulators suck.
It has ZERO to do with the amount of money given.
Look up Republicans policy to 'starve the beast'. Republican's policy is to run up the government debt so high it can't function. They don't care about money/costs, they just do not want ANY government oversight. They EXPLICITLY demonstrate this with their 'starve the beast' policy. It's not about money/cost, it's about undercutting oversite.
Regulators are ineffective because half of the political environment, Republicans, do everything they can do to make them ineffective.
This is one of my key arguments AGAINST "libertarianism" - a proper functioning market has three things, consumers, producers, and regulators, and they each need to be well balanced.
If producers have too much power in the market we see distortion, eg. When monopolies exist.
If consumers have too much power in the market we see exploitation.
If regulators have too much power in the market we see stagflation.
Markets don't operate efficiently without all three components.
Yeah I'm actually with you on this. The government is part of the market no matter what. Through action or inaction they are still a critical player.
But I think we often miss the messaging on regulators. In some way I agree with the right. It's a waste of money. But ones creating the waste isn't the government, it's those that need to be regulated
What do you consider an "efficient market" to look like? Do you just mean one that tends towards outcomes you personally deem important?
What don't you understand?
Do you just mean that you are trying to troll people into political arguments where you personally deem that only you know the truth?
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