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The best would never take gov jobs if they couldn't freely go back to private work after.
by robbiemitchell 13y ago
The best would never take gov jobs if they couldn't freely go back to private work after.
- grey-area 13y agoIt's a certainly a difficult problem, but people moving freely from industry to regulator and back means almost inevitable regulatory capture.
- foley 13y agoI think of regulation as a constant negotiation between the regulators and the regulated industry. By putting measures in place to bar those with industry experience from working at the regulators you are decreasing the information available to the regulators. The decrease in information directly decreases the regulators negotiating power, leading to greater regulatory capture. Would this be more than regulatory capture caused by the revolving door? I don't know - but it does swing both ways.
- Peaker 13y agoThere are examples of both kinds of systems, afaik it swings one way far more strongly than the other.
- chadwickthebold 13y agoDefine 'the best'. I'd argue that if the revolving door between industry and the public sector was closed, the government really would get 'the best' - people who actually cared about serving the public interest.
- malandrew 13y agoExactly. Well intentioned people if incompetent at worst accomplish nothing and if competent do great things. However, ill-intentioned people if incompetent accomplish nothing and if competent can do massive amounts of irreversible damage.