The objective behind government regulations is preventing the breaches of trust that can annihilate entire economies. In addition to the financial devastation they cause, such breaches breed cynicism at large and discourage people from participating in society and the marketplace because “what’s the point” comes to describe the prevailing attitudes. Equally nourishing to cynicism are smaller breaches–more like insults–like the sale of Wagner Group merchandising, described in the article linked below, and the application of cryptocurrency and Youtube to funding hate groups and misinformation. Though they will not make entire economies collapse, these breaches undermine optimism, trust and good will arguably in a much more harmful way.
We should not have to “take the bad with the good”. Progress means that we have figured out to how to maximize the good and to minimize the bad. The hijacking of new commodities and old marketing methods for the purpose of aiding and abetting the malfeasance of ignoble people undermines the perception and the reality of progress. And, if we don’t feel as if we have progress, then, indeed, what is the point?
Online prices for merchandise bearing the insignia of Russia’s Wagner group – a human skull against a black and red backdrop – have shot up since its abortive armed mutiny, with buyers posting five-star reviews and support for the mercenaries.