Opinion by Mathew Carr
The emphasis on only GDP growth and less regulation needs to be rethought.
Stop giving into the billionaire misguided thinking…
Eg Musk reckons too many regulators overlap …yet the problem is exactly the opposite: regulators need to understand each other so they know each other’s aims and so each regulator stops operating in silos. Trump said Musk may get a role reregulating America if Trump wins the election. Musk’s deeply conflicted and bit ignorant about it.
The non-silo thinking would help prevent regulatory capture by industries …which is rife across the world, based on the drumbeat of anecdotal evidence.
Merging regulators probably makes sense. But overlap is a good thing if managed well. Here is why:
UK PM Keir Starmer — stop pretending cutting red tape will work like magic. See below…
Look what that attitude by the Tories did to Britain. Eg see piece by FT on the crisis-ridden judiciary on the weekend.
Look what austerity did to British social care….What reckless expansionism and concentration has done in causing price gouging in MOST markets. Competitive tension in markets has gone out the window.
Get a grip.
[Added City AM …made 4th sentence more clear]