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This sounds a lot like regulatory capture [1]. It's becoming more and more clear that the institutions that were / are(?) great at ensuring the safety of the pu
by deugtniet 8y ago
This sounds a lot like regulatory capture [1]. It's becoming more and more clear that the institutions that were / are(?) great at ensuring the safety of the public have been undermined by special interest.
For a really striking example of regulatory capture, look no further than the FCC.
One way to make sure that regulatory capture does not happen, is to ensure that money is not part of lobbying. But that's another discussion.
[1] https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
- ReptileMan 8y agoWe could actually try to compensate competent people monterarily enough so they want to work for the government. In that case they won't be swayed so easily by special interests. There are people willing to work for the good guys for half the money, but not for order of magnitude less.