Post by account_disabled on Mar 9, 2024 15:57:15 GMT 12
That allows us to weigh the inevitable costs that its application entails with the reasonable social benefits that are expected to be obtained? It is precisely at that moment when the hallowed jargon of sainthood legislation takes control, exhibiting his formidable display of exacerbated virtue. Completely professionalized political elites implement their decisions at their discretion, freed from any control other than the immediate electoral return. It's been a long time since the theory of public choice forever demystified the beatific altruism that rulers pride themselves on. In the complete absence of any evaluation, any initiative, no matter how crazy it may be, has a place under the sun. It is only required that it shine with sufficient intensity to compete in that market of fireworks that configures the search for consensus and the vote. And in this scenario, generosity always paid for with other people's money is the most valued currency.
Some time ago I had the opportunity to speak out regarding one of these initiatives that meet all the requirements and enjoy public approval because they skillfully touch the sensitive fibers of reciprocal altruism and solidarity. The bad call “second chance law” and its necessary correlate “the contest without dough” They are a paradigmatic example of sanctimonious legislation in the complex world of insolvency and bankruptcy. No one with a minimum of sensitivity would USA Phone Number dare to question the purposes that inspire this institution. But no one with a minimum of experience and knowledge can deny the disastrous and perverse results that derive from its application. Far from offering a second chance, the exoneration of liabilities has generated a lucrative business for a minority of professionals favoring moral hazard and negligent and reckless indebtedness. More than 90% of the debts that are exonerated come from consumer loans, without any connection, however distant, with any business initiative.
The catastrophic result is blinding evidence and a mere ex ante analysis of the norm would have been enough to foresee its disastrous consequences, among others, the grotesque financing of this entire racket that falls on the suppliers, professionals and all those who Lacking market power, they cannot displace the damage they endure. The true exemption is for financial institutions that easily pass on costs to their solvent clients, making credit more expensive which, without a doubt, will make access to financial markets difficult. Despite the growing and widespread moralization of our public life Sanctimonious legislation is no longer in such good health. Not even all the ideological or political shields, the closing of the universe of discourse around repeated and worn-out myths and the stigmatization of any criticism or dissidence, are enough to immunize this clientelistic practice from the harsh attacks of reality.
Some time ago I had the opportunity to speak out regarding one of these initiatives that meet all the requirements and enjoy public approval because they skillfully touch the sensitive fibers of reciprocal altruism and solidarity. The bad call “second chance law” and its necessary correlate “the contest without dough” They are a paradigmatic example of sanctimonious legislation in the complex world of insolvency and bankruptcy. No one with a minimum of sensitivity would USA Phone Number dare to question the purposes that inspire this institution. But no one with a minimum of experience and knowledge can deny the disastrous and perverse results that derive from its application. Far from offering a second chance, the exoneration of liabilities has generated a lucrative business for a minority of professionals favoring moral hazard and negligent and reckless indebtedness. More than 90% of the debts that are exonerated come from consumer loans, without any connection, however distant, with any business initiative.
The catastrophic result is blinding evidence and a mere ex ante analysis of the norm would have been enough to foresee its disastrous consequences, among others, the grotesque financing of this entire racket that falls on the suppliers, professionals and all those who Lacking market power, they cannot displace the damage they endure. The true exemption is for financial institutions that easily pass on costs to their solvent clients, making credit more expensive which, without a doubt, will make access to financial markets difficult. Despite the growing and widespread moralization of our public life Sanctimonious legislation is no longer in such good health. Not even all the ideological or political shields, the closing of the universe of discourse around repeated and worn-out myths and the stigmatization of any criticism or dissidence, are enough to immunize this clientelistic practice from the harsh attacks of reality.