3 ms·
Well, regulatory capture is the problem here [1]. The FCC crooks were appointed by elected crooks. If the US didn't elect crooks, we wouldn't have this FCC. El
by okintheory 8y ago
Well, regulatory capture is the problem here [1]. The FCC crooks were appointed by elected crooks. If the US didn't elect crooks, we wouldn't have this FCC.
Electing crooks, of course, is a very old tradition. When it's blunt, it looks like the Credit Mobilier scandal in 1867 [2]. When it's a little more subtle, it might look like LBJ destroying Leland Olds' reputation to keep him off the Federal Power Commission [3].
[1] https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
[2] https://en.wikipedia.org/wiki/Cr%C3%A9dit_Mobilier_of_America_scandal https://en.wikipedia.org/wiki/Cr%C3%A9dit_Mobilier_of_Americ...
[3] https://en.wikipedia.org/wiki/Leland_Olds#Unsuccessful_re-nomination https://en.wikipedia.org/wiki/Leland_Olds#Unsuccessful_re-no...