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Overcoming Bias Commenter's avatar

It seems to me that the system tipped irrevocably in the direction of regulatory capture around the turn of the century and there simply are no viable solutions any longer. Generally societies in this situation end up, after a prolonged and chaotic interregnum, being ruled by strong-men.

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JW Ogden's avatar

In at least some cases I can see some better incentives coming from a more centralized regulator.

1. Zoning local government have a strong incentive to restrict building in order to drive poor people away. The fed Government does try to keep poor people from coming to the USA but they do not try to drive the poor out. 2. With the Federal Government paying for half of all medical care there is some incentive for local politicians to regulate with more focus on quality and less on keeping costs low.

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