Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-03-11-Speech-2-302-000"
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"en.20140311.49.2-302-000"2
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"Madam President, suppose there were no regulation of financial services at all. Imagine that it was left entirely to the discretion of the consumer. Actually, we do not need to imagine. We only have to go back a hundred or so years, and that is what happened. You will find advertisements with banks boasting about what their assets were and allowing consumers to make a rational calculation: do I take a higher risk for higher return? If people are encouraged to think that somebody else is on top of the risk for them, you infantilise them. That is what happens now: you get e-mails with hundreds of pages of documents – which nobody reads – whenever you act as a private investor, but which gives you the idea, the false impression that someone is looking after the risk for you.
There is an experiment that took place recently in part of the Rocky Mountains where they took all the warning signs off the mountain roads. Do you know what happened? Accidents became less common, because people knew that they were on their own. They were not being lulled by the false sense that safety was somebody else’s responsibility. If you give people more responsibility, they will behave more responsibly."@en1
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The resource appears as object in 2 triples