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.
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.