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Chinas Approach to Regulatory Turpitude and Ineffectiveness.

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  • 10-07-2007 7:29pm
    #1
    Sponge Bob
    Banned (with Prison Access) Posts: 25,234 ✭✭✭✭


    China has a very effective way of dealing with 'failed' regulators.
    NEW YORK (MarketWatch) -- China executed the former chief of its food and drug agency on Tuesday

    More here.

    We are in a desperate situation in Ireland nowadays...the country is filling up with failed regulators just as our overall competetiveness is negatively impacted by these venal and incompetent idiots.

    We need to send a few off to China, soon as , for a refresher course on regulatory responsibility to the greater good. Were the Chinese to decide that the course was going to last a tad longer than one anticipated at the outset then I humbly defer to their evidently greater wisdom in the matter of reeducating regulators.


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    #2
    ethernet
    Registered Users Posts: 3,568 ✭✭✭ethernet


    Rather drastic but it is some 'incentive' to actually achieve goals set ...


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    #3
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    well how about we give regulators a basic a wage of industrial average and they can earn bonuses for doing their jobs, the same way sales people get bonuses for signing people up for services but for solving problems.


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    #4
    Tom Young
    Legal Moderators, Society & Culture Moderators Posts: 4,338 Mod ✭✭✭✭Tom Young


    Its on public record what the Commissioners here get paid. Its significantly less than a CEO/COO/FD of a blue chip or indeed a telco.

    I think it might be time to merge regulators in Ireland. So we can finally get over the contant potatoe passing that goes on.

    The creation of Ofcom was designed to (in part) root out rot at Oftel. Some of the rot is hanging around in other places now. Oh well.


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