this post was submitted on 09 Aug 2023
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I think it's because, as you laid out, the only 2 current options are market led control which isn't viable, and govt based which is viable but risky. Since it's the only viable option it gets the risks downplayed.
Well, in market or government, if you have bad people you get bad results. It's not a simple "viable or not viable" - right now we're in a mode where most people implicitly assume that any business allowed to exist is probably OK, and don't really exercise boycott, while relying on regulators etc. to clean up the mess. But that kind of abdication of responsibility isn't a constant of human nature or something, it's just what we've lazily been doing in this society for a while. Likewise, it's not the case where regulators, politicians, judges etc. are universally acting in good faith - it's hard to put a number to it, but there are examples of abuse all over the board as well.