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Culture War Roundup for the week of November 11, 2024

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I think those disclaimers are a fig leaf in this case. At best.

Its like having people sign a waiver that they understand "Gravity is a powerful force that pulls you downward" before you enter the pit zone. I don't think psychological "nudges" are actually a real thing, honestly.

To me, a 'guardrail' is something that physically prevents you from falling in. Unless you climb over it. In this case that may be something like a restriction on your bank account that prevents you from depositing money into an app or withdrawing cash at a Casino after a certain period of time or above a certain amount.

There's a (strong) case that banks shouldn't be peeking over their clients' shoulders and judging what they use money on, so I'm really trying to think of ways to put something TANGIBLE in place that might allow someone to slide right up to the point of absolute ruin, but stop at the edge and have a chance to retreat, or at least think over the implications before jumping in.

And of course, degenerate gamblers will just borrow money from 'friends' or loan sharks if their bank cuts them off, so there are no 'foolproof' solutions.

There's a (strong) case that banks shouldn't be peeking over their clients' shoulders and judging what they use money on, so I'm really trying to think of ways to put something TANGIBLE in place that might allow someone to slide right up to the point of absolute ruin, but stop at the edge and have a chance to retreat, or at least think over the implications before jumping in.

Here's an example: if an elderly customer suddenly tries to withdraw a large sum of money, the system pauses the transaction and directs the teller to arrange an interview with a security officer that ensures the customer is not being scammed by someone impersonating their grandchild in sudden financial trouble.

Is this kind of meddling permissible?

Another example: if a customer suddenly tries to transfer a large amount to an account that doesn't belong to them, the system pauses the transaction and directs the customer to upload a document that explains the purpose of the transaction.

Is this kind of meddling permissible?

Finally, if a customer tries to transfer more than X to online gambling companies this month, the system pauses the transaction and suggests the customer sets up a monthly gambling limit.

I don't think this kind of meddling is more bothersome than the previous ones.

I personally would like to get rid of the two examples you mentioned as well. The kind of big brother monitoring banks do is obnoxious as hell and I'm not convinced it is an overall value-add for society.

That's because your parents haven't yet deposited their life savings into a "secure account" because a helpful "FBI agent" told them to.

It turns out that I do not hold opinions on policy based on whether or not the negative consequences of said policies personally impact me or those I love.

But why?

Because I'm not a hypocrite? I don't really think it needs a justification to be willing to apply rules consistently, or to be willing to suffer the negative consequences of a rule because you believe it's a good rule overall.

Here's an example: if an elderly customer suddenly tries to withdraw a large sum of money, the system pauses the transaction and directs the teller to arrange an interview with a security officer that ensures the customer is not being scammed by someone impersonating their grandchild in sudden financial trouble.

Is this kind of meddling permissible?

No, and making it so is likely to result in a wave of exit from banks and into cash-stuffed mattresses.

Another example: if a customer suddenly tries to transfer a large amount to an account that doesn't belong to them, the system pauses the transaction and directs the customer to upload a document that explains the purpose of the transaction.

Is this kind of meddling permissible?

Depends on what you mean. Such transfers may be interrupted by fraud detection and the customer might have to prove his bona fides (which is annoying enough) but having to write an essay explaining to one's bank why you're spending your own money isn't really acceptable.

No, and making it so is likely to result in a wave of exit from banks and into cash-stuffed mattresses.

It’s pretty common and most people don’t keep Benjamins under their mattress.

No, and making it so is likely to result in a wave of exit from banks and into cash-stuffed mattresses.

It's standard procedure in Europe. It actually saved me money when someone managed to clone my wife's card.