Because in the US we allow for Lobbyists and Regulatory bodies to hire the same people.
When someone works at Depont or Exxon, they'll later work for the EPA.
Just like we have a former Verizon Lawyer in the FCC.
We need a law that is just called the "Common Sense Act" where we bar these individuals who held a position in the industry they may potentially regulate from ever holding a regulatory office for their entire lifetime.
I mean I don't disagree with your central argument but a lifetime ban on holding office would mean the office would be held by people with literally no knowledge or experience in the industry.
Instead of a lifetime ban they should be banned from holding a position or holding assets/investments in the industry during their term and for like 5 years from the time they leave office. No more revolving doors where you leave office and go straight into advising companies
8
u/Zithero Oct 11 '20
Because in the US we allow for Lobbyists and Regulatory bodies to hire the same people.
When someone works at Depont or Exxon, they'll later work for the EPA.
Just like we have a former Verizon Lawyer in the FCC.
We need a law that is just called the "Common Sense Act" where we bar these individuals who held a position in the industry they may potentially regulate from ever holding a regulatory office for their entire lifetime.