Back to episode — Episode 2048 Scott Adams - Banks, Cartels, CIA Manipulation, Narrative Poisoning, The Success Reframe
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one place you really want some regulation, in my opinion. Yeah, if you're going to get rid of all regulation and get rid of banking, last you want to keep that one around. Not too much regulation, but you want something. So what would we do? Maybe some kind of a government brake. So the brakes just gone. Now, there's an analogy to this whole banking problem that I've been thinking about. Have you…
← Previous segment →r. And everything that I care about, my life would be destroyed. I'm gonna do it because the depositors are protected.
Maybe that's the actual thinking. I actually saw like an actual adult say that the executives would be disincentivized by what happens with the depositors, as if they would not be disincentivized by losing all of their own money. You don't think that's enough? You don't think that the risk of losing everything — that's what happened to the executives. I mean, they made some money before they lost their jobs, but do you think anybody in the real world who's an executive is thinking to themselves, well, yes, this will definitely destroy my life, but what I really care about is that $250,000 limit and I think the government will protect a little bit more because I did that one time. So I'm going to change everything I'm doing because the depositors — not about my entire life being on the line. It's insane. It's just crazy.
No, no. Changing the amount that's protected for depositors will make no difference to anybody's decision making because they don't give a shit. The whole problem is that the executives didn't care about the depositors. Am I right? The entire problem is that the executives were not working for the benefit of the depositors. They never would. They never will. It's not the real world. People just don't care. They care about their own situation, and that's not going to change.
And to watch actual adults in the real world in 2023 get up there a
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nd imagine that those executives would have acted differently if the $250,000 had been a bigger number — come on, that's crazy. Am I wrong? Does anybody disagree? I don't believe there's anybody disagreeing. I don't see any disagreement in the comments that I usually do. Right? That's how poorly managed we are, or that's how capable our leaders are. There were real leaders arguing that point and s…
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