Can’t we just ask the regulator?: Difference between revisions
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{{a|devil|}}It is well known and widely reported that regulations have grown in complication since those mad, | {{a|devil|}} | ||
It is well known and widely reported that regulations have grown in scope, density, interrelation and complication since those mad, dreamy Eighties days when rules were for birds and the Randian spirit of Aleister Crowley was the dominant fingerpost showing the way towards market governance. | |||
“Do what thou wilt shall be the whole of the Law”. | “Do what thou wilt shall be the whole of the Law”. | ||
The world of modern finance was unexplored: broken-fenced frontiers everywhere you looked, and you were free to wander amongst the hinterland unrestrained by official hand. This, contemporary thought leaders believed, was best for everyone, in the long run. | |||
That was then: the cultivated fields of finance we till and tend today are very different place. | |||
Now to survive its own auto-destruction, any new anarchy must quickly resolve itself into order, and well-meant gentle governance will in time calcify into deliberately ineffable rules and etiquettes designed to maintain the emergent power structure | |||
What once seemed elegant now seems barbaric in its simplicity — and we have long since grown inured to the idea that our every authorised action or financial impulse should be minutely monitored, reported, and regulated. | What once seemed elegant now seems barbaric in its simplicity — and we have long since grown inured to the idea that our every authorised action or financial impulse should be minutely monitored, reported, and regulated. | ||