June 19, 2009
This will, I'm sure, lead to calls for a ban on morning-after donations.
Ludicrous.
The problem isn't on the demand side. As long as politicians have favors to sell, lobbyists will line up to buy them in either the white, black, or gray markets of influence-peddling.
The answer is to hit the supply side. Cut back the number of favors politicians have to sell. Take away as many regulatory powers as possible.
Once upon a time, information travelled so slowly that companies could get away with screwing people over because no one would find out.
Communication technology has changed that. If a company screws someone over in Boston, the news will be tweeted to LA in 30 seconds, their reputation will be in shambles by the end of the week, and they'll be out of business by the end of the month.
We don't need government watchdogs when everyone owns their own pitbull.
Posted by: Harvey at
07:50 AM
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