So... you're saying this is why we need to regulate bad actors like GS into the ground? Because it's inconceivable they'd ever police themselves because there are no market incentives that actually reward good actors?
Precisely. But we don’t regulate them into the ground because we like money. And Goldman is really really good at making money. Until the good of humanity is held in higher esteem than private profit, this will always be the case. I’m not holding my breath on that one.
I agree, sadly I don't see the US going in this direction until after the voting system and election funding is fixed to the point where no longer is money > public will.
