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by betterunix2
3115 days ago
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"Industry people working at regulatory agencies is an obvious conflict of interest." Not necessarily. An obvious conflict of interest would be someone who has a significant financial stake in the industry, or someone who is married to a CEO in that industry, etc. Also consider this: who is actually qualified to regulate an industry? It is often the case that the only qualified candidates are people who have worked in the industry or who have worked against it (which is just as much of a conflict of interest). Someone who is clueless could be worse: they could be more susceptible to lobbying pressure, since they have no prior knowledge of the issues they are dealing with. In theory the job of the Senate should be to determine whether or not a candidate will be able to serve the public instead of their former industry bosses. Such people definitely exist -- Tom Wheeler is a prominent example. We also have an impeachment procedure to deal with the possibility of failure i.e. the possibility of the Senate confirming a regulator who fails to serve the public; by now there is ample evidence that confirming Pai was a mistake, but with today's hyper-partisan Congress there is not much hope for impeachment. |
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Off the top of my head, economists and lawyers?
I don't think you need first-hand experience in an industry to regulate it. We need experts in regulation that can take input from industry and consider the public perspective.
I'm not convinced it's possible to have a career in a field and not have your opinion tainted by that experience. This is why neither industry insiders or opponents should be responsible for regulation.