Larks comments on Mandating Information Disclosure vs. Banning Deceptive Contract Terms - Less Wrong

21 Post author: David_J_Balan 20 December 2009 08:55PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (74)

You are viewing a single comment's thread.

Comment author: Larks 23 December 2009 11:51:52AM 2 points [-]

I would entirely agree with you, but if we started mandating certain contracts and banning others, we'd be in great danger of regularatory capture: the banks have a huge incentive to influence the regulators, are staffed by the same people, etc., which would mean we'd end up mandating the exploitative contracts and banning the fairest.