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by margalabargala
904 days ago
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My intention is not to let regulation writers off the hook, but rather to share the blame between the regulation writers and the corporations that lobby to have regulations changed in a way that they know is bad for society but good for them. Everybody hates corrupt government officials already, but as a society (in the US) we tend to handwave away companies doing destructive self-interested things as "oh of course they do that", when it's not actually something we need to tolerate. Oil companies in the 70s knowing that they were causing global warming but engaging in a campaign to pretend that didn't exist? Should be jail for the regulation writers, and jail for the oil company execs who signed off on it. The Sacklers pretending that their special opioids aren't addictive and causing the opioid crisis? Should be jail for the regulators they bribed, and jail for the people at the company who knew. Cause the 2008 financial crisis by deliberately mis-grading subprime mortgages? Should be jail for everyone who let that fly. |
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That's interesting. Everywhere I read (including in HN comments) the focus is on lobbyists and not regulation writers. I've never read anyone ever put the blame on the people who were given free money from taxpayer pockets to be impartial experts, and only ever on people trying to advocate for their companies.
> as a society (in the US) we tend to handwave away companies doing destructive self-interested things as "oh of course they do that", when it's not actually something we need to tolerate
I don't believe "as a society" exists :-) It's one's perception of what happens, but wrapped in an impartial-sounding phrase. I've seen far more tolerance of regulation-writers than I would expect. And there is a clear difference between a company (legally) trying to change hearts and minds and regulation writers allowing their minds to be changed for perks.
> Oil companies in the 70s knowing that they were causing global warming but engaging in a campaign to pretend that didn't exist? Should be jail for the regulation writers, and jail for the oil company execs who signed off on it.
Oil companies don't have a legal responsibility to tell the truth about the climate, I think. Also, the understanding of climate has changed quite a lot since then, so even I might go easy on regulators in this instance.
> Cause the 2008 financial crisis by deliberately mis-grading subprime mortgages? Should be jail for everyone who let that fly.
This is a good example of regulation being to blame, though. You'd go to jail if you didn't allow a certain percentage of subprime mortgages[0].
[0] https://web.archive.org/web/20080928095759/http://www.invest...