- #71
nitsuj
- 1,389
- 98
Pythagorean said:The point is only that risk can be quantified and that arbitrary is too discrediting of a word.
But, monetary risk is strongly coupled to all other forms of risk. It's currency; it's a way to compare values of all kinds of things: time, energy, sentiment; don't forget that economics is a social science. Individual freedoms are taken into account; that's the whole argument behind a free market. In the era of Hobbes and Lock, they figured out that allowing people to own their own property makes them more productive and the general question of freedoms as an influence on economy was brought up.
From there, the extreme ends of the two political camps essentially divide the issue between total and complete freedom, or total and complete control; at least, they divide the issue this way in retort, but the successful emergent outcome is generally a moderate response: Allow a socially defined core of freedoms, but regulate social interactions to reduce impact. If people are too free, they cost the rest of society a lot of time, energy, and sentiment. From the dishonest political economies of Wall Street to the people that would endanger brain development in children.
Your reasoning is awesome!
I agree on your currency comment, absolutely right imo.
I tried to think of indisputable counters and can't think of any. Even fast food risk is in the cross hairs for "insurance premiums" (special tax). Salt is also on the block, regulating amounts of sodium...somehow. (could fast food fries salt content be any more inconsistent?)
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