Originally posted by skeevy420
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There is probably no regulatory solution that is going to fix the general underlying problem and the more regulation we push the more harm that comes to all. It's always in small doses, but those doses add up. We lose smaller upstart competitors and choice in the marketplace as an example leading to higher prices or poorer quality options. I think it's education, teaching personal responsibility, teaching due diligence (don't write that $100k check to a guy claiming to be the right hand man to Elun Musk from school funds you have access to but are not authorized to spend), and potentially 'technological' solutions that can fix or mitigate some sorts of problems with less mentally bodied folks (financial accounts that limit expenditures to a percentage above a regular weekly or monthly allotment would stop scammers, but not remove elderly folks from remaining more or less in control of their own finances for instance).
The underlying problem is people are not learning to be skeptical or confront questionable marketing or claims. We're not letting people fail until it's too late and failure is how humans generally learn whether we like it or not. Failing on little things early in life is better than losing $100,000 to a scammer. Learning to distrust people isn't a bad thing. Learning to push back is another useful skill. Unfortunately young people are trained to do what they're told, not think for themselves. The system is designed to put out factory workers, not creative thinking persons. China's the worst in this regard, but the US isn't far behind, and Europe is probably somewhere in-between.
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