> regulatory capture ... is the end result of ANY regulation.
All evidence to date supports this conclusion.
Can we do better?
Regulations are two-party, can be distilled down to us vs them.
How do we make them three party? Transmute them into trilemmas? (Tripods are more stable that bipods.)
Maybe grant a seat to the parties on the receiving end, the natural antagonists to the parties being regulated. And empower them appropriately.
> regulatory capture ... is the end result of ANY regulation.
All evidence to date supports this conclusion.
Can we do better?
Regulations are two-party, can be distilled down to us vs them.
How do we make them three party? Transmute them into trilemmas? (Tripods are more stable that bipods.)
Maybe grant a seat to the parties on the receiving end, the natural antagonists to the parties being regulated. And empower them appropriately.