@arcana@fedi.layer02.net @icedquinn@blob.cat Maybe you should read again. I said, and I quote myself, "They teach you its possible to manipulate the market but not how to do it", so you explain to me what exactly is that thing I'm not understanding when you are saying exactly what I'm saying. Thry teach you its possible to "cheat" because everyone knows that, but not how to do it because as usual, thats something you have to learn on your own.
As Im saying, they teach you the rules of the game and how to play it. Not how to be a winner.
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【Ξnigmatico】:misskey: (enigmatico@mk.absturztau.be)'s status on Wednesday, 06-Nov-2024 18:42:17 JST 【Ξnigmatico】:misskey: -
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iced depresso (icedquinn@blob.cat)'s status on Wednesday, 06-Nov-2024 18:42:16 JST iced depresso @enigmatico @arcana i'm always mixed when it comes to deregulation. i think that regulation should be the minimum necessary force.
hell even the FDA should not exist. our food agency was literally created solely to classify that a food or drug literally is what the label says it is. it was never mandated to control doctors, it just stole that power for itself and was never shot in the head for trespassing.
we need a little bit of it its a dangerous weapon -
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iced depresso (icedquinn@blob.cat)'s status on Wednesday, 06-Nov-2024 18:48:19 JST iced depresso @enigmatico @arcana its not that. a regulator is given the state's power to kill and centralizes authority and decision making. this makes attractive targets to compromise (regulatory capture.)
Pfizer couldn't hope to control all drugs across the USA on its own, but if the state centralizes that power to an agency then all it has to do is capture that agency. (Which it infamously has.) -
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【Ξnigmatico】:misskey: (enigmatico@mk.absturztau.be)'s status on Wednesday, 06-Nov-2024 18:48:20 JST 【Ξnigmatico】:misskey: @icedquinn@blob.cat @arcana@fedi.layer02.net Regulations are essential, but its a cat and mouse situation. You make more rules but people always finds a way around them, and then at some point these regulations will backfire at you because they are making things more difficult for the people who wants to play by the rules while cheaters are having it easier.
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iced depresso (icedquinn@blob.cat)'s status on Wednesday, 06-Nov-2024 18:50:23 JST iced depresso @enigmatico @arcana Like if a kosher agency goes rogue everyone just loses faith in their label and can go to an alternative labeling agency if desired. Which they do.
In a power monopoly sense, we cannot just ignore the FDA if it erroneously decides to ban an effective treatment.
The government also doesn't ever pay the cost of being wrong, and the board in charge of making decisions becomes ripe for conflicts.
This can happen in metaregulation too but the market can react to a poisoned metaregulator more rapidly -
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iced depresso (icedquinn@blob.cat)'s status on Wednesday, 06-Nov-2024 18:53:45 JST iced depresso @enigmatico @arcana this is why we generally don't want power to be centralized. deregulation leads to a short-term burst of productivity because it gets the boot off everyone's neck. but its a chesterson's fence moment--a tiny, very small amount of the regulation, was actually useful. -
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【Ξnigmatico】:misskey: (enigmatico@mk.absturztau.be)'s status on Wednesday, 06-Nov-2024 18:53:46 JST 【Ξnigmatico】:misskey: @icedquinn@blob.cat @arcana@fedi.layer02.net Again, if you centralize power and competences, the next gobernment will swap the person in charge with someone loyal to their interests. That happen here in Spain, a lot of times.
And that person might or might not share your point of view. And remember, money is power. You can buy a regulator. In the end, its a cat and mouse situation. -
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iced depresso (icedquinn@blob.cat)'s status on Wednesday, 06-Nov-2024 18:55:26 JST iced depresso @enigmatico @arcana anyway somewehat irrelevant in the end because our politicians don't approach things with systems analysis and trying to balance survivorship bias in favor of making good decisions. :blobcatgoogly:
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