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Joined 2 years ago
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Cake day: June 22nd, 2023

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  • The problem is the information asymmetry, there is always another person for a fraudulent company to exploit due to a dysfunctionally expensive court system. Its why we need market level regulations and public institutions that recover peoples money and fine the organisations for their breaches. This sort of thing works a lot better in the EU than in the US due to the sales laws, the ability to return within 2 weeks, default warranty on goods out to 12 months and expectations of goods to be as advertised forced onto the retailers. They work, they need more enforcement from regulatory bodies but retailers do follow them for the most part and quickly change tune when you go to take legal action when they don’t because courts know these laws inside and out.




















  • The law comes in two parts, the actual written bit that says what it is and the enforcement. Most people consider the first part what is necessary and lobby hard for it but really the most important bit in a practical sense is how it gets applied and enforced, without which the law is worthless. In many countries one way to defang laws is simply underfund the legal system or quangos that do the enforcement, another is putting someone in charge at the attornies office who de-prioritises those cases. The law as written isn’t worth the paper/bytes its written on unless there is a plan for enforcement that doesn’t involve every poor person using the rich mans legal system against giant corporations with infinite defence money.