The current economic system encourages harmful behaviors that negatively impact communities and public health

Signals over time

2 observed signals across 1 sources, tracked for 0 days. Confidence: low.

What people are saying Observed

• “A definition is a lot to ask for. If you truly need somebody to define "bad" for you, you're asking in the wrong place. But we don't need to define it to know it when we see it. Here are some examples of bad behavior which is encouraged by the way we currently practice economics: - Operating generators in violation of local regulation such that the neighborhood around your new data center now has a smattering of new respiratory illnesses is bad behavior. The economic system we've built encouraged that outcome by focusing only on the consent of whatever banker granted the loan and not on the consent of the nearby community (relevant because the loan created the money which then bought the illegal generators). We further encourage abuses of this kind by letting irrational markets determine that it's admirable, because if the stock price went up then surly it must be so, and by doing so we subsequently increase the operator's ability to take out more loans of this kind. People are dying of lung cancer and economic indicators are saying "all systems go." - Sending weapons to terrorists with the understanding that once they destabilize the re”

  Hacker News · frustration

• “A definition is a lot to ask for. If you truly need somebody to define "bad" for you, you're asking in the wrong place. But we don't need to define it to know it when we see it. Here are some examples of bad behavior which is encouraged by the way we currently practice economics: - Operating generators in violation of local regulation such that the neighborhood around your new data center now has a smattering of new respiratory illnesses is bad behavior. The economic system we've built encouraged that outcome by focusing only on the consent of whatever banker granted the loan and not on the consent of the nearby community (relevant because the loan created the money which then bought the illegal generators). We further encourage abuses of this kind by letting irrational markets determine that it's admirable, because if the stock price went up then surly it must be so, and by doing so we subsequently increase the operator's ability to take out more loans of this kind. People are dying of lung cancer and economic indicators are saying "all systems go." - Sending weapons to terrorists with the understanding that once they destabilize the re”

  Hacker News · frustration