You see those concepts sound great, and play really well in a conference of egg headed theorists...But there's one major problem with all of this in the real world.
Humans are inherently corrupt and greedy. Given the slightest opportunity, we will be bought and paid off due to our jealousy and greed.
These government regulators were probably paid peanuts (kill the government! lower my taxes!! the government is evil!! Long live the good and honorable corporations!!) and were easily paid off by the very oil company employees they were supposed to be regulating--100% of whom make 2, 3, 100x what they make.
If I were in charge of things, the government regulators in charge of regulating things like the environment and Wall Street would be given an immediate 50% raise. I would also recruit for the government out of the nations top schools: Harvard, Yale, etc.
Why should Exxon and Goldman Sachs get our nation's top minds?? I WANT THOSE GUYS FOR MY GOVERNMENT!!!
Work in all endeavors can be boiled down to one fundamental truism: If you pay peanuts, you get monkeys.
I'm all for small, efficient government. But I also live in the real world.
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