Re: Regulatory Capture
"But (IMHO) it's better to have a less-effective regulator rather than a regulator actively working on behalf of the industry they are supposed to be regulating rather than the consumer."
I don't see much difference between the two. An ineffective regular can be run around and bullied, meaning it's just as counterproductive.
So it poses a conundrum. Who do you pick to mind the wily henhouse when the ONLY applicants available are foxes?
Biting the hand that feeds IT
