3 ms·
US systems of authority often specialize in conflicts of interest. I think it's obviously by design, both sides ride the gravy train (govt / private sector). Th
by adventured 5y ago
US systems of authority often specialize in conflicts of interest. I think it's obviously by design, both sides ride the gravy train (govt / private sector). The FDA gets ~46% ($2.7b of $5.9b for 2019) of its operational funding from the pharma industry. The telecom industry and FCC exchange employees routinely, as do Wall Street and the Treasury & Fed. The specialization makes sense, however these prominent figures, so primed for conflict of interest, should clearly be barred from doing that for N time (5-10 years at least).
- jjk166 5y agohttps://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture