[itsoktocry]

>We can easily publicly fund over-sight committees to oversee these industries instead of relying on SROs who take tax-payer money and are in the perfect financial and power position to do some really corrupt and immoral things.

Easily, really? Why is the default position that industry players are corrupt and immoral, but the government overseers will act independently and altruistically and have no financial stake in the outcome? That doesn't jibe with my experience. People in government seem to do some of the most immoral acts out there.

[pleasantpeasant]

It's easier to vote out or force out a corrupt an immoral government overseer.

A private corporate overseer cannot be voted out or forced out. Only a CEO or board can decide that. It's undemocratic.

The public has an actual voice in government while having absolutely no voice in a private corporation.