Salta al contenuto principale


"Regulatory capture" is one of those concepts that can seem nebulous and abstract. How can you *really* know when a regulator has failed to protect you because they were in bed with the companies they were supposed to be regulating, and when this is just because they're bad at their job. "Never attribute to malice," etc etc.

1/

in reply to Cory Doctorow

Long thread/3

Sensitive content

in reply to Cory Doctorow

Long thread/4

Sensitive content

in reply to Cory Doctorow

Long thread/5

Sensitive content

in reply to Cory Doctorow

Long thread/6

Sensitive content

in reply to Cory Doctorow

Long thread/7

Sensitive content

in reply to Cory Doctorow

Long thread/8

Sensitive content

in reply to Cory Doctorow

Long thread/9

Sensitive content

in reply to Cory Doctorow

Long thread/10

Sensitive content

in reply to Cory Doctorow

Long thread/11

Sensitive content

in reply to Cory Doctorow

Long thread/12

Sensitive content

in reply to Cory Doctorow

Long thread/13

Sensitive content

in reply to Cory Doctorow

Long thread/14

Sensitive content

in reply to Cory Doctorow

Long thread/15

Sensitive content

in reply to Cory Doctorow

Long thread/16

Sensitive content

in reply to Cory Doctorow

Long thread/17

Sensitive content

in reply to Cory Doctorow

Long thread/18

Sensitive content

in reply to Cory Doctorow

Long thread/19

Sensitive content

in reply to Cory Doctorow

Long thread/20

Sensitive content

in reply to Cory Doctorow

Long thread/21

Sensitive content

in reply to Cory Doctorow

Long thread/22

Sensitive content

in reply to Cory Doctorow

Long thread/23

Sensitive content

in reply to Cory Doctorow

Long thread/24

Sensitive content

in reply to Cory Doctorow

Long thread/25

Sensitive content

in reply to Cory Doctorow

Long thread/26

Sensitive content

in reply to Cory Doctorow

Long thread/27

Sensitive content

in reply to Cory Doctorow

Long thread/28

Sensitive content

in reply to Cory Doctorow

Long thread/25

Sensitive content

in reply to Cory Doctorow

Long thread/8

Sensitive content

Cory Doctorow reshared this.

in reply to Cory Doctorow

if capital flows between entities associated with either party exist, that is impropriety.
Eg: your brother is on the board of a firm whose principle shareholders have substantial investments which are indirectly impacted by your regulatory behavior? Circumstances such as that are unacceptable & motivate corruption

I think the solution is to massively increase financial regulations. Common ownership should be banned; ownership must incentivize socially beneficial behavior

reshared this

in reply to Cykonot

as it stands, debt is viewed as inviting corruption, but close social connections of elite circles are just "friends helping each other out." This is unacceptable. They are corrupt, and information/capital flows MUST be controlled to incentivize proper behavior. As it stands, oligarchic elites use their power to warp regulations such that they can act on their corrupt motivationa — indeed, the powerful are necessarily motivated to rule in ways which benefit themselves
in reply to Cykonot

forcing elite / decision-makers' interests in line with the collective interests of society is the great challenge our democracies / bureaucracies must overcome. Unfortunately, our corrupt and oligarchic leaders have every incentive to do the opposite
in reply to Cykonot

we shouldn't care about these people's state of mind... The situations we allow to exist are inherently corrupt, and it doesn't matter what these biased and flawed human beings pretend

We have this ridiculous obsession with intent over impact, when laws should be based on outcomes. A law should require intent be considered ONLY IF that benefits society. Otherwise, I don't think it should

RESULTS matter, and intent should be considered only when it improves outcomes (more just etc)

in reply to Cory Doctorow

Of course, the corollary to "never attribute to malice..." is "If you can confidently rule out incompetence, then absolutely attribute malice"

Cory Doctorow reshared this.