The claim "intent isn't magic" is actually annoyingly trite. It's not magic, of course, but it certainly counts in any kind of proper assessment of a person's actions. Here's an example.
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As a result, everybody ends up a bit worse off than before you started (except for bankers, because they never end up worse off), but especially the most vulnerable women (because the most vulnerable always suffer the most in an economic crash).
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Now you could argue that the original policy was misguided, you could argue that there should have been more caution, and there's moral culpability in that direction.
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But you really cannot reasonably argue that the original policy was misogynistic or bigoted. And it's because of intent - the intention to bring about a goal that furthers women's equality. Intent matters.
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And yes, I know, my knowledge of economics is pretty much non-existent. Let's just pretend things could have played out the way I suggested.
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End of conversation
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