C
Chalo
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A Muzi wrote:
>
> Michael Warner wrote:
> >
> > A Muzi wrote:
> >>
> >> All regulation shares that aspect. If not at the outset, regulated and
> >> regulators wise up later.
> >
> > The supposedly regulated usually end up the winners, because they're
> > able to buy off the regulator and/or hire better lawyers to find lucrative
> > loopholes in the regulations. Until there's a disaster on the order of what
> > Enron did to California's power supply, anyway.
>
> Taxi drivers, surgeons, land developers, endlessly by its nature.
What you're talking about is intrinsic to corruption, not regulation.
Traffic is regulated, and it generally works better that way.
Regulation often comes first, and then corruption slips in later, as
you suggest. The fact that they are independent of each other is
illustrated by the fact that corruption tends to be rampant even where
there is no regulation.
Note that our current executive administration is anti-regulation but
pro-corruption. That's pretty much what "no-bid contract" means--
let's cut out the middleman/regulator, corrupt or not.
Chalo
>
> Michael Warner wrote:
> >
> > A Muzi wrote:
> >>
> >> All regulation shares that aspect. If not at the outset, regulated and
> >> regulators wise up later.
> >
> > The supposedly regulated usually end up the winners, because they're
> > able to buy off the regulator and/or hire better lawyers to find lucrative
> > loopholes in the regulations. Until there's a disaster on the order of what
> > Enron did to California's power supply, anyway.
>
> Taxi drivers, surgeons, land developers, endlessly by its nature.
What you're talking about is intrinsic to corruption, not regulation.
Traffic is regulated, and it generally works better that way.
Regulation often comes first, and then corruption slips in later, as
you suggest. The fact that they are independent of each other is
illustrated by the fact that corruption tends to be rampant even where
there is no regulation.
Note that our current executive administration is anti-regulation but
pro-corruption. That's pretty much what "no-bid contract" means--
let's cut out the middleman/regulator, corrupt or not.
Chalo