ethics enforcement international

Discussion in 'Economics' started by bookish, Nov 25, 2022.

  1. bookish

    bookish

    Are there any nations that do a good job of beating and whipping the finance industry so you can actually trust them with money?
     
  2. destriero

    destriero

    As if you have any money
     
    Lou Friedman, Big AAPL and rb7 like this.
  3. TheDawn

    TheDawn

    UK is good. Canada is another. USA is not too far off but how they dropped the ball with Bernie Madoff was unacceptable. If I were to choose the country where I to invest my money, I would still invest in these three countries.
     
  4. MKTrader

    MKTrader

    No, because the elites running those nations are as corrupt as anyone in the financial industry. Case in point:
    Of Two Minds - FTX and the Corruption of America
     
    bookish likes this.
  5. spy

    spy

    Enlightened self-interest and the social contract generally mean you can trust the financial industry with your money... provided, of course, you perform adequate due diligence.

    Re:
    Ethics are only enforced by churches and families... laws are what governments enforce.

    IMHO it's a mistake to confuse ethics with laws. Unless you live in a theocracy... then try moving.
     
    piezoe likes this.
  6. Well, Madoff was just ONE rogue American who devastated everyone financially, out of many.
     
  7. MKTrader

    MKTrader

    It's not that simple, though. It's possible a theocracy could have more consistent rule of law and govern more impartially than a sanctimonious-but-secular government that picks and chooses which crimes are "hate crimes" and administers two-tiered justice based on in- and out groups.
     
    spy likes this.
  8. spy

    spy

    That may be. Nonetheless, we must deal with the practical realities around us.

     
  9. bookish

    bookish

    I've made more money than you.
     
  10. bookish

    bookish

    You are absolutely wrong. Our nation is a cookie jar run by a theives guild. Laws are "enforced" maliciously when enforced at all.
     
    #10     Nov 26, 2022