Mark Breen
marklbreen at gmail.com
Mon Sep 19 17:28:35 CDT 2011
Hello Hans-Christian, I am not religious about this, and I suppose I cannot disagree with most of what you have mentioned - there are unknown costs. The only bit that I disagree with is the "little bit". The efforts we have all spent over the last 20 years to protect ourselves is enormous. It is billions and billions of Euro. The only real point that I was throwing out is to remind ourselves of that and to attempt to balance the reward for that investment. John's comments about average values are of course correct, but the message is still valid - billions and tens or hundreds of billions spent to protect what sometimes is only millions and tens of millions. I just thought it was an interesting take on things. Mark On 19 September 2011 16:36, Hans-Christian Andersen <ha at phulse.com> wrote: Hi Mark, You are correct in the sense that it is not feasible to have perfect security. However, I take issue with how financial systems quietly write off loses, even if, to them, it's just a fraction of their profits. Their analysis of cost/benefit often leaves out the true cost. You have to ask yourself: wheres does the money go, who benefits from it and how do they benefit from it. In much the same way that the true cost of industrialization to the environment was not known or was ignored, money stolen from bank accounts and so forth typically go to criminal organizations and whatnot, which then leads to problems in the world that often leads to taxes and other social resources being wasted. A little bit more effort would go a long way and it is very hard to calculate the true cost of not fixing things; especially when the solution already exists. Hans-Christian