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Equifax doesn't lack accountability because they're bureaucratic. They just lack accountability, period. The customers aren't being hurt and the people being hu
by vec 9y ago
Equifax doesn't lack accountability because they're bureaucratic. They just lack accountability, period. The customers aren't being hurt and the people being hurt aren't customers.
Adding accountability to the general public via regulation may make them more bureaucratic. It may make them less. That's up to the invisible hand to decide, once their incentive structure matches their real world impact.
- Applejinx 9y agoThey ARE the invisible hand, personified. The invisible hand got us here. Clearly, it's an invisible hand with palsy (possibly claws, or leprosy). Mind you, I agree about adding accountability. I just doubt that's really a solution; it's part of a solution.