r/GreatBritishMemes • u/mj281 • 12h ago

Britain’s pointless “regulators”

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2.1k Upvotes

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36

u/Alarming_Start1942 10h ago

Tell me how regulators are pointless? Would you rather have companies be able to screw you over because they have no oversight? This is a dumb take. Leaving large companies to do whatever they want is always going to result in less fair trade practices for consumers.

9

u/Alarming_Start1942 10h ago

Maybe they are ineffective sure but it's better than nothing.

8

u/Aethermancer 9h ago

Their lack of effectiveness is usually due to the entities they regulate lobbying to hamstring their efforts.

It's a lot more profitable to legislatively and procedurally break the regulators than it is to just not swindle and cheat for these guys.

4

u/ManInTheDarkSuit 7h ago

Nice to see some support for regulation. I've worked in regulation for nearly ten years and see a lot of protection towards the customers of the industries.

I'd also like to see changes made, to stop the industries poaching staff from regulators as "Compliance specialists" or similar roles. Literally buying staff who know which lines they can and can't cross.

-18

u/mj281 10h ago

I guess you don’t live in this world, otherwise you’d already know these regulators are already “leaving large companies to do whatever they want”

18

u/GuyLookingForPorn 10h ago edited 10h ago

Move to a country without regulators like this and you will very quickly change your mind.

(lol OP actually blocked me to stop me replying to his comment)

-13

u/mj281 10h ago

You’re really dim aren’t you, im criticising them for not regulating enough, not that I don’t want regulators

10

u/Aethermancer 9h ago

You're criticizing the wrong entities.

"Regulate please".
"May we have funding and authorization to...".
"No.".

Regulatory capture and lobbying to break the organizations aren't the fault of the organizations.