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> Lawmakers should have been more careful about which mergers and purchases they approved. Many of the issues we face with big tech is because lawmakers are to
by mywittyname 6y ago
> Lawmakers should have been more careful about which mergers and purchases they approved. Many of the issues we face with big tech is because lawmakers are to inept at seeing the long term consequences of the deals they themselfs approved.
A) The pool of lawmakers is in constant flux.
B) Most lawmakers are bribed by the very companies that they seek to regulate.
C) Companies lie all the time in their filings, and the moment they have the flimsiest of justifications, turn around and do the exact thing they promised not to
D) People who make a bad decisions in the past should be encouraged to fix it.
- tristor 6y ago> A) The pool of lawmakers is in constant flux. Unfortunately due to the absence of any meaningful term limits, this is not the case. People who make it into Congress and play ball with establishment elites tend to stay there for their entire remaining lifespan. > C) Companies lie all the time in their filings, and the moment they have the flimsiest of justifications, turn around and do the exact thing they promised not to Yes, because they get away with it. Perhaps if the incentive structure were different we'd see different results.
- mywittyname 6y ago97 of 535 Congresspeople are in their first term this session. That's a healthy amount of turnover every few years. The average term in Congress is for people serving after 1950 is 12 years, so two terms. Yeah, some Congresspeople operate in "safe" districts and never see a challenger, but those are rare (and valuable). https://en.wikipedia.org/wiki/List_of_freshman_class_members_of_the_116th_United_States_Congress https://en.wikipedia.org/wiki/List_of_freshman_class_members...
- thehappypm 6y ago12 years is 2 terms for the Senate but for the majority of Congress, it's 6 terms.