Distrust Governments - They Produce Laws - Part 5 of 5
- Category: Government
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PRINCIPLES OF LAW MAKING
Dealing with bureaucrats
As the OECD is itself a bureaucratic organization it can't escape the obvious need to look after their own interests (jobs). As such they developed documentation outlining "the key principles for establishing and operating regulatory agencies" These key points are:
- Role clarity
- Preventing undue influence and maintaining trust
- Decision making & governing body structure for independent regulators
- Accountability & transparency
- Engagement
- Funding
- Performance…
Distrust Governments - They Produce Laws - Part 4 of 5
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BETTER LAWS - CONT'D
Consider risks
In this section the OECD tackles the issue of uncertainty in the future, which they call risk. Trying to protect yourself against unexpected events is wise, but trying to do so through regulation created by politicians is suicidal. As we have seen above, the creation of laws is flawed at its most basic level. If this would not be bad enough, eventually all laws…
Distrust Governments - They Produce Laws - Part 3 of 5
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BETTER LAWS
In this section the OECD talks about two elements: how to improve laws and how to take risks into consideration. We will review both cursorily only (i.e. not in depth because we only have so much tolerance for manure). Apparently this so-called guidance from the OECD is necessary because "the…[2008] crisis has uncovered major failings in governance and regulation".
What never ceases to amaze us is how…
Distrust Governments - They Produce Laws - Part 2 of 5
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TRUST IN LAWS - CONT'D
Prohibitions for citizens
According to the OECD, good regulatory practices are good for citizens because:
It is important for justice, fairness and the rule of law as well in delivering public services.
Justice. Right. Justice in this so-called modern democratic system is not only a joke, it is ridiculous, counterproductive, abusive and nonsensical (see for example In-Justice In The Democratic System and compare it with Justice in…
Distrust Governments - They Produce Laws - Part 1 of 5
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This is the fourth instalment of this series. Each instalment will be published independently and can be read independently. We are tackling head-on the 6 reasons why you should distrust governments, reasons that were kindly provided by the apparatchiks of The OECD A Bureaucratic Organization You Should Know.
Some time ago, we published the article In Government We Distrustand promised we will continue in that direction because of the massive…
Slightly To The Right Of Attila The Hun
- Category: Libertarianism
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This is a famous phrase taken from the modern opera Evita. We liked it so much that we decided to use it as a header for today's article. Lately we have received a tsunami of correspondence from a faithful horde of readers (actually one), explaining in no uncertain terms that we are a bunch of right-wing lunatics who insist in looking at the world through the eyes of the Nazi…
Argentine Default - What A Depression Looks Like
- Category: Economic Conditions
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As our readers know, we are big fans of Argentina. This is so because it is a shining (dark) light illuminating (so to speak) the debacles that are awaiting all other countries at the end of the Monetarist tunnel. Argentina officially went into a self-imposed default (yeah… sure) on Jul 30, 2014 when Standard & Poor so declared. What a difference three months make!...not!
As we highlighted in our…
Distrust Governments - They Are Not Open - Part 3 of 3
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BUDGET TRANSPARENCY
The third section or recommendation from the OECD to increase trust is the transparency of budgets which is defined as:
the full disclosure of all relevant fiscal information in a timely and systematic manner.
This transparency comes in three parts:
Part 1 lists the principal budget reports that governments should produce and their general content.
Part 2 describes specific disclosures to be contained in the reports, including both…
Distrust Governments - They Are Not Open - Part 2 of 3
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INITIATIVES
The OECD mentions two openness initiatives. The Open Government Partnership and the MENA-OECD Open Government Project. They are both OECD related and as such great to secure OECD apparatchiks' jobs. Let's take a brief look at both.
MENA-OECD
The four key areas are:
Open/Clean Governments: here they keep pushing the concepts we discussed above plus the addition of "innovation" (which we discussed in Distrust Governments - They Are Not Responsive) and anti-corruption (which we…
