Monday, June 07, 2010

Department of Huh?

Too many regulators, for instance, are political appointees, instead of civil servants. This erodes the kind of institutional identity that helps create esprit de corps, and often leads to politics trumping policy.--James Surowiekci

How else are we going to choose our regulators? Vote for each job candidate?

It seems like Surowiecki has finally engaged with the doctrine of original sin. As much as we'd all love to rid our systems of conflicts of interest, to quote Fortune from Rudy, "... it ain't never gonna happen". Public choice theory, baby.

Suroweicki talks about the failures of regulation, yet somehow manages to advocate for more attempts to reflate the flat tire.

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