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You can find some examples at [1]. [1] https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
by mdpopescu 9y ago
You can find some examples at [1].
[1] https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
- wallace_f 9y agoHave their been any attempts to outlaw regulatory capture? Rant: I can think of many more examples that are not on that list, and it seems like a comprehensive list would be extremely exhausting. For example, in Seattle I once needed access to a court hearing record, which Seattle law requires the public have "reasonable" accesse to. Instead of providing the records in a reasonable format, the audio was recorded in a proprietary, non-open source format called "On the Record." Getting and paying for not just the CD in person, but the player to work required me to boot into Windows, and even then I still encountered bugs that made life unreasonably difficult. A child could easily record hearings with free software in mp3 format, host them securely on the web, creating a lot of benefit and efficiency to society. And that is all a good example to bring attention to a second point: when people talk about ideas like income redistribution, jobs, and basic income, they worry about "where will the wealth come from, and who will produce useful value?" But come on, if we comb through the economy like a small business owner would through his company, we'd find already an enormous amount of people who aren't involved in producing anythint useful. Or in this case, something useful, but ridiculously inefficient; and in other cases, things which are detrimental to society. It's not uncommon to see on HN stories of corruption, or even science which missrepresents truth.