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Cake day: June 22nd, 2023

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  • The fallback argument for the social media ban is that it’s better than nothing. But with results like these, it may be worse than nothing, given it potentially creates new problems. Children will remain online with arguably less supervision and support, new privacy and digital security vulnerabilities seem to have appeared and the worst aspects of social media lay largely unaddressed.

    I wish more people understood this. Changing something can mean you’ve caused harm unintentionally, even if you haven’t identified it yet. Too many people seem to have the thought process “We have to do something! This is something. Let’s do this.” without ever considering the harm they might do.










  • The rationale for bail out the banks previously was that the retail arms (what you and I use) were so intertwined with the commercial arms that allowing the commercial part to fail caused the loss of everyone’s money. Regulation was introduced (at least in the UK. I don’t know about elsewhere) that ring fenced the two from each other, making future bailouts unnecessary. The commercial arm would shoulder the risk of its own investments.

    Doesn’t stop corrupt politicians bailing them out though.