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The typical practice of U.S. regulatory agencies is "I'm going to stall all efforts of change and push to repeal previously instated regulations." Then they go

The typical practice of U.S. regulatory agencies is "I'm going to stall all efforts of change and push to repeal previously instated regulations." Then they go and get a massive salaried position at a firm they helped make more profitable - this is inherently bad, and this strategy is happening in nearly every regulatory agency under the current administration.

rayiner 9y ago
Well that’s the opposite of the scenario we’re talking about here, right? And I don’t think what you’re talking about is “inherently bad” either. Most deregulatory types also genuinely believe that deregulation will benefit consumers and the industry alike. If you participated in airline deregulation decades ago, and then went to go work for FedEx, whose business model was made possible by that deregulation, would that be bad? Even though deregulation massively reduced prices for consumers and helped foster the rise of near instant shipping and companies like Amazon who depend on it?
- marnett 9y ago
  Yes, the standard strategy was not applicable to an industry lacking regulation. This revolving door strategy seems to have been hinged on enacting a regulation that Ripple desired (in order to protect their lead in their market) for a job on the other side. Is all regulation good? No. Is all deregulation good? No. It is not a black and white issue. As a citizen and not a corporation, I personally lean on the side of regulating industries and providing consumer protections. > I don’t think what you’re talking about is “inherently bad” either deregulating finance and preventing regulation on derivatives. Good or bad? deregulating BLM restrictions on Indian land for fracking and oil pipelines? Good or bad? deregulating the Consumer Finance Protections Bureau? Good or bad? I believe the pattern of deregulating industry while increasing regulation on consumers and workers (forced arbitration, preventing salaried overtime, preventing class action) is inherently bad and while FedEx is a fine example of deregulation coming out the victor, today's two-pronged trends of deregulation and restriction are not so pristine an example.
  - rayiner 9y ago
    > Is all regulation good? No. Is all deregulation good? No. It is not a black and white issue. Right. Likewise, not all regulation is bad, and not all deregulation is bad. Because you offer no actual analysis of whether these regulations are good or bad, your aspersions about the "revolving door" are premised on simply assuming that crypto-currency regulations are bad, while the regulations being targeted by the Trump administration are good. > (forced arbitration, preventing salaried overtime, preventing class action) is inherently bad None of those things are "regulation." There is no regulation requiring people to enter into arbitration agreements, or to agree to forego overtime, or waive class-action privileges. The government is simply choosing not to prevent people from entering into those agreements. That's deregulation.

rayiner 9y ago

Well that’s the opposite of the scenario we’re talking about here, right? And I don’t think what you’re talking about is “inherently bad” either. Most deregulatory types also genuinely believe that deregulation will benefit consumers and the industry alike. If you participated in airline deregulation decades ago, and then went to go work for FedEx, whose business model was made possible by that deregulation, would that be bad? Even though deregulation massively reduced prices for consumers and helped foster the rise of near instant shipping and companies like Amazon who depend on it?

marnett 9y ago
Yes, the standard strategy was not applicable to an industry lacking regulation. This revolving door strategy seems to have been hinged on enacting a regulation that Ripple desired (in order to protect their lead in their market) for a job on the other side. Is all regulation good? No. Is all deregulation good? No. It is not a black and white issue. As a citizen and not a corporation, I personally lean on the side of regulating industries and providing consumer protections. > I don’t think what you’re talking about is “inherently bad” either deregulating finance and preventing regulation on derivatives. Good or bad? deregulating BLM restrictions on Indian land for fracking and oil pipelines? Good or bad? deregulating the Consumer Finance Protections Bureau? Good or bad? I believe the pattern of deregulating industry while increasing regulation on consumers and workers (forced arbitration, preventing salaried overtime, preventing class action) is inherently bad and while FedEx is a fine example of deregulation coming out the victor, today's two-pronged trends of deregulation and restriction are not so pristine an example.
- rayiner 9y ago
  > Is all regulation good? No. Is all deregulation good? No. It is not a black and white issue. Right. Likewise, not all regulation is bad, and not all deregulation is bad. Because you offer no actual analysis of whether these regulations are good or bad, your aspersions about the "revolving door" are premised on simply assuming that crypto-currency regulations are bad, while the regulations being targeted by the Trump administration are good. > (forced arbitration, preventing salaried overtime, preventing class action) is inherently bad None of those things are "regulation." There is no regulation requiring people to enter into arbitration agreements, or to agree to forego overtime, or waive class-action privileges. The government is simply choosing not to prevent people from entering into those agreements. That's deregulation.