[torstenvl]

Until today, most national policy was set by "experts," i.e., people whose careers, professional reputation, and emotional bonds are bound up in the industry. That is to say, the rich and connected in any given area of life. The SEC is staffed with "experts" in exchanging securities, i.e., successful traders, who are then expected to govern traders.

The inexorable result of this status quo is corruption and oligarchy.

https://www.upworthy.com/20-years-of-data-reveals-that-congr...

[calgarymicro]

Ironic that you link to an article about the Gilens/Page study, which showed that it was in large part Congress that was unresponsive to popular opinion, not federal agencies like the SEC.

[torstenvl]

Fair. Please read as a cf. not a see.

[thuuuomas]

Corporate governance is also decided by “experts”, rife with corruption & oligarchy.

[fzeroracer]

Is Congress more or less corrupt than these experts?