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0 pointsAnimalMuppet12d ago0 comments

Community ownership does share across sectors if the community owns both sectors. Why would it not?

Also, you haven't really answered the point. You may be able to get this established. But how do you keep it established? How do you keep the elite ownership class from dismantling it? (Based on historically observed behavior, the default assumption is that they will try.) If you don't have a plan that accounts for that, you don't really have a workable plan.

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PaulDavisThe1st12d ago

I didn't say that tackling the elite class wasn't important.

But saying that the existence of an elite class implies regulatory capture is a step beyond that.

Regulatory capture is absolutely a problem. While one could advocate for eliminating the elite class (e.g. wealth taxes, confiscation, execution ... as you wish), I'd probably go for tightly controlled political donations & spending, combined with a strong anti-corruption culture (which has been severely damaged by, ahem, recent administrations).

jacquesm12d ago

I don't think anybody but those that are really close to the halls of power and have sufficient capital to engage in large scale lobbying is going to be able to achieve regulatory capture. So I suspect there is significant, maybe even perfect over lap between the groups that could achieve regulatory capture and the ones that actually do, and that outside of that group it is pointless to even try. You can get into the club by lucky accident, you stay in the club through regulatory capture.

PaulDavisThe1st12d ago

Regulatory capture requires that laws (or regulations) are drafted that favor your interests. The only ways I am aware of for that to happen are:

(a) sufficient political donations/bribes to get lawmakers to draft suitable language themselves (or via their staff)

(b) a combination of political donations and a worldview on the part of lawmakers in which it is "just normal" for those affected by regulations to draft them, such that you yourself are able to draft the legislation.

There are levels of government where neither of these require incredible levels of wealth, I suspect.

Both could be stopped by limiting political donations and a political culture in which "the chemical industry writes its own rules" is self-evidently corrupt and/or non-sensical.

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0 pointsAnimalMuppet12d ago0 comments

Community ownership does share across sectors if the community owns both sectors. Why would it not?

0 comments

PaulDavisThe1st12d ago

I didn't say that tackling the elite class wasn't important.

But saying that the existence of an elite class implies regulatory capture is a step beyond that.

jacquesm12d ago

PaulDavisThe1st12d ago

Regulatory capture requires that laws (or regulations) are drafted that favor your interests. The only ways I am aware of for that to happen are:

(a) sufficient political donations/bribes to get lawmakers to draft suitable language themselves (or via their staff)

There are levels of government where neither of these require incredible levels of wealth, I suspect.

Both could be stopped by limiting political donations and a political culture in which "the chemical industry writes its own rules" is self-evidently corrupt and/or non-sensical.

1 more reply

j / k navigate · click thread line to collapse