To pass regulations while leaving in place the boards of directors of private corporations is a bizarre policy that guarantees that youve left in place the absolute sworn enemy of the regulations. . . They gave corporate boards of directors an immense incentive to defeat those regulations--to evade them every chance they had, to weaken them, and when the political conditions were possible to get rid of them. And those boards of directors went to work! So to regulate our kind of economic system is to impose limits and rules on a group of people with every incentive to undo them and all the resources needed to realize those interests. But in our country, we want to believe that a regulation system of which we have witnessed the complete evisceration during the last fifty years will work this time? The conflictual relationship between the people who run things and the people who do the work. Thats why regulations are just things to be undone.
Posted on: Tue, 14 Oct 2014 10:24:42 +0000
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