Re:Regulating Big Tech makes them stronger, so they need com...
by BurningFrog on Tuesday November 05, 2019 @02:13PM
(#21455606)
> Putting stronger restrictions on lobbying and reforming campaign finance law would be a much better step to fix regulatory capture than widespread dumping of regulations
To me that's a naive view of how fundamental the problem is. Consenting adults who stand to gain a lot at the expense of a third party will always find a way to help each other out.
Just my personal feeling, of course. I have no proof to offer.
Besides, I think the main mechanism for Regulatory Capture is influencing the regulator directly, not the legislators. At least in the US, the law behind the regulation mostly just says that the new TLA agency is to issue rules that it deems are in the interest of some lofty vague goals.
To me that's a naive view of how fundamental the problem is. Consenting adults who stand to gain a lot at the expense of a third party will always find a way to help each other out.
Just my personal feeling, of course. I have no proof to offer.
Besides, I think the main mechanism for Regulatory Capture is influencing the regulator directly, not the legislators. At least in the US, the law behind the regulation mostly just says that the new TLA agency is to issue rules that it deems are in the interest of some lofty vague goals.