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China’s new rules for finance pull the brakes on gravy train, bringing ‘greed is good’ era to a halt (www.scmp.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 13 points 1 year ago* (last edited 1 year ago) (8 children)

Overlegislation of the financial sector will lead to financial collapse. An upper crust of obscenely wealthy bankers is essential for the proper function of the financial system and thus the economy.

Edit: /s fuck y'all are ruthless

[–] GlitchyDigiBun 5 points 1 year ago

Underlegislation leads to a bloated, extortionate upper crust that weilds disproportionate power over those who rely on said financial system. There is a balance, and the problem you outline is the lesser of the two extremes.

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