@macroresilience Strikes me as kind of funny and something I cannot yet understand: why is it hard to regulate organisations or software?
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Replying to @nouswaves
@macroresilience People can only be jailed or fined but a software or management processes can be put on the metaphorical electric chair.2 replies 0 retweets 0 likes -
Replying to @nouswaves
@sebinsua sure but the people can then move onto the next 'automated fraud generation tool'.1 reply 0 retweets 0 likes -
Replying to @macroresilience
@macroresilience True. Sigh. Another principle-agent problem.1 reply 0 retweets 0 likes -
Replying to @nouswaves
@macroresilience (a) some form of extremely high tax on this multiplicative fraudulent behaviour (a self-interested quango in regulating),1 reply 0 retweets 0 likes -
Replying to @nouswaves
@macroresilience (b) they have natural leverage and self-interest in using it to their own advantage, so you need to cut them a better deal.1 reply 0 retweets 0 likes -
Replying to @nouswaves
@macroresilience CEO pay is already too high and regulation isn't pretty. What would you do?1 reply 0 retweets 0 likes -
Replying to @nouswaves
@sebinsua honestly i have no good ideas. nuclear option would be double liability for stockholders - essentially repeal limited liability.1 reply 0 retweets 1 like -
Replying to @macroresilience
@macroresilience I once tried to start a company in a highly regulated domain. Even with no leverage it was highly fragile.1 reply 0 retweets 0 likes -
Replying to @nouswaves
@macroresilience It felt very much like growing a baby outside of a womb.1 reply 0 retweets 0 likes
@macroresilience I guess what I'm saying is that special protections should exist but only for small and early stage companies.
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Replying to @nouswaves
@macroresilience It has to be said I'm uneducated in finance and law. I carry a license to analogise which I use with abandon.0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
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