> That’s exactly what you would want your money manager to say. It’s their job to turn a profit.
replyThe job of the police is arresting people who break the law, but similarly to your money manager, you really don't want them to do this regardless of anything else, there is more things to consider than just "do everything you can to arrest people", and hopefully the same for your money manager. But also, I might be too European to understand the true value of "money grow regardless of society cost at large".
Of course, some back-and-forwards is healthy.
replyIn a good system both sides fight for their interests, and the outcome is some middle road compromise that optimizes for everyone's benefit.
sorry, but i wouldn't want my money manager to attempt to engage in unethical or illegal practices in order to turn a profit...
replyThe point is that it's the job of the democratic legislature to codify what you just stated here into law, so that all money managers have to abide by this standard, not just those that have a personal conviction for it. That's the essence of rule of law.
replyThere is room for both. Not every aspect of morality needs to made law, as significant portions are subjective and debated. Law should be a least common denominator.
replyThis leaves room for individuals to act in accordance with their morals above and beyond the law.
You can't have a functioning government if it's elected by a corrupt society. Exhibit A, current US situation.
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