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openrisk | 1 year ago
Simplifying bureaucratic rules can be beneficial and can take countless forms (digitizing trivial manual work, removing duplication, applying materiality thresholds etc. etc.) The result is clearly a win-win for all.
Removing protective regulations is instead a zero sum game. Each fradulent bank behavior not persecuted is siphoning wealth from their clients. Each further exploitation of personal data collection is enriching the surveillance capitalists at the expense of the user-product (and ultimately our very democracies).
Society and politics has a lot of gray areas. This is not one of them.
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