[governance]

[Parminder]

Jeremy Malcolm wrote:
> On 11/06/2009, at 1:59 PM, Parminder wrote:
>
>> Apologies for wrong posting
>>
>> meant for internal work on a presentation
>
> Interesting though; can you post a link to the presentation when 
> you're done?
Jeremy, I have responded offlist, but seeing that there indeed is a 
connection to the industry-led governance model that we have been 
discussing, I will give the complete quote of Lawrence Lessig preceding 
the one which I sent earlier.

"But I think one big problem here is imagining companies as the leaders 
in public policymaking. You know, companies are in the business of 
making money. And if we begin to imagine a world where we trust 
companies to do good public policy, then we're fools, because they'll do 
good public policy when it makes sense for them from a financial 
perspective to do it, but when it doesn't make sense for them from a 
financial perspective to do it, they won't."

What he says is simple and generally universally accepted. Adam Smith 
said long ago. " People of the same trade seldom meet together... but 
the conversation ends in a conspiracy against the public". What does it 
say about industry-led 'regulatory systems'.

However the fact that such simple truths have to be re-asserted, but 
still ignored by many, speaks of the new forms of power that big 
corporations increasingly have to change our frames of thought and 
action, in some very basic and oft hidden ways. It becomes difficult to 
separate which actors, willy nilly, become agents of such new forms of 
dominations, but an introspection on this issue may be useful.

parminder










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