[m52go]

"What we've institutionalized is run to failure: we'll just keep doing more of what's failed spectacularly until the entire status quo collapses in a fetid heap of greed, self-interest and gross incompetence."

This is buried toward the end of the article but I think it's a big statement with massive consequences for many practical issues.

[Larrikin]

He doesn't tie it to the rather tired complaint from most business leaders that regulation = bad. It was kind of an annoying reveal of his central point since it seemed like the lead up might actually introduce a new idea or atleast a new take on an old one

[dfilppi]

Alas the regulators, as arms of the government, represent the epitome of greed, self interest and mind boggling incompetence outstripping anything dreamt of by private industry.