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View Diary: Citigroup gave Lew $940K ONLY if he got a high-level government position (313 comments)

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  •  Public agencies were originally established to (2+ / 0-)
    Recommended by:
    marina, ichibon

    assist the entities they supervise. "To regulate" means to make regular -- i.e. prevent random occurrences nd minimize risk.
    Given the reality that American enterprise has always received protection and privileged treatment, ever since "explorers" landed with charters in their hands and relied on military back-up when the natives threatened, there is good reason to be "concerned" about regulations. The people's expectation that regulators are intent on serving the public interest is not well-founded.
    As a point of reference, consider the long-term effects of environmental regulation and the legacy of the EPA issuing permits to pollute. It was not a happenstance that Richard Nixon set up the EPA. Whom we should blame for indutrial enterprise getting to use mother nature as its toilet, just as if it were a bear in the woods, I do not know. However, the failure to differentiate corporate bodies from natural persons has been disasterous. Never mind that nature is not equipped to deal with man-made toxins, nor is the atmosphere able to deal with the wholesale transfer of carbon from the eath's crust into the gaseous ether we need to breathe.

    We organize governments to deliver services and prevent abuse.

    by hannah on Sat Feb 16, 2013 at 03:06:49 PM PST

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