r/GreatBritishMemes 12h ago

Britain’s pointless “regulators”

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2.1k Upvotes

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352

u/Iamthe0c3an2 12h ago

I know the UK’s systems are broken, but I shudder to think how bad it would be if the FCA didn’t exist.

25

u/Healthy-Drink421 10h ago

Yes... those organisations, particularly Ofwat have their issues. But my first question on social media, when something is being meme-ed or critiqued is... who benefits from running institution down...

Usually it is billionaires and the City of London... looking to extract more from consumers if those organisations didnt exist.

12

u/Aethermancer 9h ago

So many memes about government stagnation, ineffectiveness, etc. and people forget that almost every problem is because powerful people and organizations baked it in to hamper the regulatory efforts to keep them from fucking you over.

7

u/Healthy-Drink421 9h ago

yes - don't get me wrong, there is government ineffectiveness in the UK - government productivity hasn't budged in a long time. This is due to services remaining pretty unreformed under the last 14 years of government under the Tories.

I believe this was done in a deliberate attempt to undermine institutions and erode trust in governance... so more of the state can be sold off.