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fubarobfusco comments on Systemic risk: a moral tale of ten insurance companies - Less Wrong Discussion
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Quite a lot of both traditional and philosophical moral views attribute negative value to self-destructive behavior, actually.
I don't see anything self-destructive about sticking your hand into a fire. I've done it and I'm still around :-P
On a bit more serious note, you're confusing moral reasoning itself with the subject of moral reasoning.