this is such an important point. A corollary that those who control the process in many ways can control or at least massage the outcome (cf. mitch mcconnell)
The normal way to change the process is by changing the law. It's normally used to improve the process when the process produces too many bad outcomes.
Of course, making law also requires a process, which we should not expect to be perfect. And that process has its own process for being changed, and so on.
Would you run a startup this way? Of course not. But stable, transparent laws are a feature, not a bug, when it comes to things like banking.
Of course, making law also requires a process, which we should not expect to be perfect. And that process has its own process for being changed, and so on.
Would you run a startup this way? Of course not. But stable, transparent laws are a feature, not a bug, when it comes to things like banking.