Re:The Socialist Calculation Debate
by AlexandrB on Monday May 01, 2023 @12:21PM
(#35775044)
Is this inherent to the concept of regulation or is it a consequence of removing many of the guardrails that prevent wealthy interests from influencing legislation?
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Regulatory authority is a central point of failure. Regulators are only human and as such are fallible and corruptible by definition. There are no effective guard rails which can change this. You cannot regulate away human nature.