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It has to be this way: there's no way that - say - a president could be an expert on all the different issues that might arise during their tenure.
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And when an industry is that concentrated, the only people who understand it well enough are those same execs, so inevitably the regulators are drawn from the industry.
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But we should also be aghast that all the leaders of the industry fit around one modest board-room table.
techcrunch.com/2016/12/14/don…
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/eof