From: Eric Armstrong <eric.armstrong@eng.sun.com>
Clark Quinn wrote:
> >The two flaws in the system we have today are:
> > * Policy making too heavily influenced by money interests
> > * Policy making too interested in short term results regardless of
>
> > long term consequences in order to keep popular favor.
>
> That's because that's what the system rewards. You want to change it,
> you have to change the reward system.
There is the crux of the issue.
> >Don't get me wrong. I'm in favor of a "free" market. But it's clear
> that a "free"
> >market requires regulation.
>
> Without open communication AND an educated populace, the vested
> interests can control the situation.
I think that accurately describes the situation as it exists today, in
many
respects -- but not in all respects. Outlawing the kinds of schemes that
scam artists perpetrate is basically a process of:
a) Educating a few (police people and law makers)
b) Legislating to eliminate it
The legislation helps to create an environment in which it is not
*necessary*
for everyone to be educated on the subject. It's not perfect solution,
but it greatly improves the percentages.
We don't need an education population to control vested interests. We
need a system in which legislators are not unduly influenced by same.
Education is extremely important, but it is a low-leverage strategy for
dealing with fundamental flaws in a regulatory system. Real-time
education of a substantial population to keep up with the latest
information in all of the important subject areas -- bunko schemes,
nutritional information, energy systems, and on and on -- is simply too
daunting a task.
The regulatory system needs to leverage the available information. That
happens when information understood by a few works to the benefit of the
many, rather than the inverse.
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This archive was generated by hypermail 2.0.0 : Tue Aug 21 2001 - 18:56:38 PDT