"Everyone decries the downside of regulation when they have it. They fail to recognize the benefits."
Most of us recognized the benefits of regulation, and then we recognized those systems being brutally and hopelessly overwhelmed.
The regulatory state has not withstood history: the regulatory capture that goes all the way back to the earliest of political machines, the two-tier justice system (as the speaker mentioned, and as the Holder doctrine confessed), the russian-doll configurations of persona ficta (corporations, universities, non-profits, etc) that hide the personal agendas of wealth behind faceless platitudes.
It's just like the libertarians who go, "If only we returned to our founding priciples..." In other words, regression, but with the expectation that things will work out differently this time.
Most of us recognized the benefits of regulation, and then we recognized those systems being brutally and hopelessly overwhelmed.
The regulatory state has not withstood history: the regulatory capture that goes all the way back to the earliest of political machines, the two-tier justice system (as the speaker mentioned, and as the Holder doctrine confessed), the russian-doll configurations of persona ficta (corporations, universities, non-profits, etc) that hide the personal agendas of wealth behind faceless platitudes.
It's just like the libertarians who go, "If only we returned to our founding priciples..." In other words, regression, but with the expectation that things will work out differently this time.