The fact that these IYIs do not have skin in the game is necessary in order for those who DO have skin in the game to enact the laws, which they have written to suit themselves exclusively.

If the bureaucrats had skin in the game, they may not be so compliant, since the laws are written by and for rich corporations and individuals.

Reality really is “one dollar, one vote”. If it was any other way, global free trade agreements would include uniform tax and environmental codes. But of course, that does not benefit capital, does it?

Forty years of private equity trading, and still learning.

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