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So get rid of oversight, employ 'self regulation' and end up in a universal 747 Max situation?
by diordiderot 4y ago
So get rid of oversight, employ 'self regulation' and end up in a universal 747 Max situation?
- polotics 4y agoWell no. Regulatory capture typically leads to some self-regulation scenario being proposed. So: ensure the regulator is truly independent from the regulated, and make the regulator accountable for outcomes. You can even have competing regulatory regimes to see what comes out, but usually (and sadly) this gets coupled with geography.