4 ms·

Because if there is harm the companies pay so little it's just written off as cost of doing business. Yet the harms too often continue. Companies with more res

Because if there is harm the companies pay so little it's just written off as cost of doing business. Yet the harms too often continue. Companies with more resources than small countries are often too big to regulate because they capture the regulators and/or the judiciary. Prevention is cheaper than treatment, especially when treatments have proven so ineffective.

robertlagrant 3y ago
> Companies with more resources than small countries are often too big to regulate because they capture the regulators and/or the judiciary. Regulatory capture is entirely the fault of the regulator. They don't have to be captured. They choose to be. A government body, funded by taxes, that decides to be captured, is a complete disgrace. People work hard to pay taxes, and they shouldn't be spent on employing people who choose to align with those they should be regulating. > Prevention is cheaper than treatment, especially when treatments have proven so ineffective. The same state that has the power to prevent has the power to treat. It chooses not to. Switching approach won't help. Getting regulators to do their jobs will.
- paulryanrogers 3y ago
  I wish it were that simple. Sadly a large portion of US voters seem to think a revolving door with "industry experts" (i.e. insiders) is desirable. And that courts should defer to business interests above all else.
  - jamiek88 3y ago
    ‘Running the government like a business’ is and was the biggest crock of shit ever sold. Anyone who has worked at large corporate bureaucracies knows they are just as slow and rule bound as government departments and in many ways worse. At least there are some well motivated people in government. Government is us. The people. We’ve delegated it to an elite class that gets more and more cut off from the common politik as time goes by. I see no easy solution . Power does not willingly give up power.
  - robertlagrant 3y ago
    I don't think any solution here we've mentioned is simple. I don't think you should be characterising only the ones I'm mentioning as being not simple.

robertlagrant 3y ago

> Companies with more resources than small countries are often too big to regulate because they capture the regulators and/or the judiciary. Regulatory capture is entirely the fault of the regulator. They don't have to be captured. They choose to be. A government body, funded by taxes, that decides to be captured, is a complete disgrace. People work hard to pay taxes, and they shouldn't be spent on employing people who choose to align with those they should be regulating. > Prevention is cheaper than treatment, especially when treatments have proven so ineffective. The same state that has the power to prevent has the power to treat. It chooses not to. Switching approach won't help. Getting regulators to do their jobs will.

paulryanrogers 3y ago
I wish it were that simple. Sadly a large portion of US voters seem to think a revolving door with "industry experts" (i.e. insiders) is desirable. And that courts should defer to business interests above all else.
- jamiek88 3y ago
  ‘Running the government like a business’ is and was the biggest crock of shit ever sold. Anyone who has worked at large corporate bureaucracies knows they are just as slow and rule bound as government departments and in many ways worse. At least there are some well motivated people in government. Government is us. The people. We’ve delegated it to an elite class that gets more and more cut off from the common politik as time goes by. I see no easy solution . Power does not willingly give up power.
- robertlagrant 3y ago
  I don't think any solution here we've mentioned is simple. I don't think you should be characterising only the ones I'm mentioning as being not simple.