Well they are calling for the "product" to not be sold across the world... There are bad actors in the acting business but no one is banning acting
Israel urges global ban on binary options
- Thread starter just21
- Start date
It's hard not to have at least some sympathy with their perspective.
Yes; certainly it is.
(So are lots of modern-day regulations, such as the anti-money-laundering rules and their ever-increasing effect on banking regulations.)
But that's what reliably and repeatedly eventually happens to industries that persistently and lamentably fail to regulate themselves adequately: they end up being externally regulated or sometimes even outlawed by others. And the realities always predicate that that tends to be worse for them, in the long run.
It's one of life's ironies that the people who habitually resent and struggle against self-regulation are typically the very first to complain, when that happens - often with staggeringly little insight into the reality that they're actually the people whose behavior caused the very result that they're objecting to.
Another of life's ironies is it's the country of origin (Israel) of these sketchy options that's calling for a world-wide ban of them.
I don't see the irony, there. If they started off over there, then they're pretty well-placed to become aware of the damage they do, and how crooked they are, aren't they? So that's surely exactly what one would expect? Good of them, in the circumstances, to try to promote increased international awareness of this issue, isn't it?
Well for starters instead of calling on the rest of the world to stop the crooks maybe they could just clamp down on them right in their own back yard.
This becomes inordinately harder with globalization and the internet. They can and probably do try to clamp down at home, but if the company just moves somewhere else and can still tempt its citizens? It's an interesting and not simple conundrum of modern times. They want their dumb citizens to not waste money on international internet scams
It's the degree of potential damage that often drives the amount of regulation. Hard drugs can really damage you and all others around you. Hence their being categorized as schedule I and made illegal to deal and manufacture. Cigarettes are still harmful but not as jarmful as hard drugs, hence the high taxes on cigarettes but permission to manufacture and consume. Ice cream is less harmful than cigarettes (in moderation) hence no special regulatory limits on ice cream consumption. You get the drift.
If you want a society void of any regulations or limitations then I am afraid it is gonna end in chaos. Most don't want that hence it would have to be you who needs to pack up and leave to a deserted island.
If you want a society void of any regulations or limitations then I am afraid it is gonna end in chaos. Most don't want that hence it would have to be you who needs to pack up and leave to a deserted island.
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I thought was was easily comprehensible.
Americans are by US regulation not allowed to trade listed options on futures. You know, to "protect consumers from themselves" . Hence my recommendation to start working first on stupid eegulations in your own backyard before you attack those regulations or proposals of other nations.
Americans are some of the most regulated people in financial services on earth and a lot of it is unnecessarily limiting choices.
Americans are by US regulation not allowed to trade listed options on futures. You know, to "protect consumers from themselves" . Hence my recommendation to start working first on stupid eegulations in your own backyard before you attack those regulations or proposals of other nations.
Americans are some of the most regulated people in financial services on earth and a lot of it is unnecessarily limiting choices.
So your ok with the government taxing your bad choices? Maybe if I have a big gulp I should be moved up to the highest tax bracket