Thursday, July 15, 2010

When Government Shirks Its Regulatory Role, People Suffer

See something of a pattern?

Oil drilling was permitted in the Gulf of Mexico without meaningful inspections and disaster plans.

Local public buildings in Milwaukee somehow manage to get constructed without effective oversight.

The local utility, We Energies, continues to spew out pollutants in the heart of the city.

Interlocked investment funds, banks and insurance companies were allowed to create, sell and manipulate bound-to-fail loans and exotic derivatives - - with executives collecting massive bonuses even as bondholders and shareholders and homeowners drowned in the collapse.

All these problems were enabled and accelerated by the failure of public officials to do their jobs for the people who paid their salaries.

The public interest was sacrificed to expediency, ideology or corruption - - depending on the situation or venue - - as regulators chose or were told to shelve their regulatory role.

Or to select the least onerous path as defined by the business supposedly being regulated.

If government isn't going to fulfill its regulatory responsibilities - - and push hard for cleaner air, safe oil drilling, by-the-book building construction and inspection, or financial system oversight - - then why have it?

Do we simply want a facade?

After what happened at O'Donnell Park, absolutely not.

3 comments:

  1. Hi,

    I stumbled across your blog and I really enjoyed reading about your passion for Michigan’s future. I find this post particularly interesting as you are pointing out just how important it is for the public to know how much the government is controlling and to seek out where we can have our own say.

    I work in partnership with The Center for Michigan and I thought you might be interested in signing one of our three Citizens’ Petitions for Change and sharing the link with your readers.

    The online petitions are a result of conversations over the past three years with 10,000 citizens during 600 community meetings across the state of Michigan. We all have one goal in mind: to make our state great again.

    I believe you share some of the same feelings, so I encourage you to learn more at www.michiganpetitions.org. Our goal is to reach 15,000 signatures across the state of Michigan, so we can take these issues to the legislature and really have an impact in the new Michigan gubernatorial term.

    We would love for you to help us spread this important message with your readers. Please contact me if you are interested, and I can provide you with additional information on how you can get involved. I look forward to hearing from you!

    Sincerely,

    Courtney

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  2. James - am surprised you did use your editorial pen on the previous lengthy "commercial" that is not even on topic.

    Especially considering this is one of your more significant threads you have posted in awhile.

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  3. To Anon Jim;

    I do not understand your comment.

    Do you mean "did not" use?

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