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"What we've institutionalized is run to failure: we'll just keep doing more of what's failed spectacularly until the entire status quo collapses in a fetid heap
by m52go 6y ago
"What we've institutionalized is run to failure: we'll just keep doing more of what's failed spectacularly until the entire status quo collapses in a fetid heap of greed, self-interest and gross incompetence."
This is buried toward the end of the article but I think it's a big statement with massive consequences for many practical issues.
- Larrikin 6y agoHe doesn't tie it to the rather tired complaint from most business leaders that regulation = bad. It was kind of an annoying reveal of his central point since it seemed like the lead up might actually introduce a new idea or atleast a new take on an old one
- dfilppi 6y agoAlas the regulators, as arms of the government, represent the epitome of greed, self interest and mind boggling incompetence outstripping anything dreamt of by private industry.