Monday, March 3, 2014

Regulating the Regulators

Corruption has become an accepted part of the political fact set in the United States and it is becoming unsustainable. Since it has become accepted as fact that all politicians will end up taking bribes during their term people seem to care much less than they should, because when politicians start working for bribes they no longer work for the people that they represent but whoever is paying them the most. As Woodhouse says, this system does not make for a government that works efficiently.
As a representative democracy, our representatives should not be able to consider bribes and think that they can get reelected. In a day and age where politicians biggest concern is to be reelected it is important to try and find out why they  are not as concerned with helping the people that they represent. A model that was presented in the text was to pay our representatives significantly more to allow them to focus explicitly on their job rather than looking for ways to help them support themselves. However our representatives are by no means poor, pulling in $125,000 a year it is easy to understand why it would be difficult to make an argument for paying them much more than we do when our country is trillions of dollars in debt. A much better system that could allow our representatives to make as much as the average American, would be to introduce more fluidity into the representative system allowing for voter feedback on the performance of an elected official to have a greater consequence on a politicians career. A five star system similar to what RPI uses to control the Greek system could be implemented to watch over politicians and it could be done in an almost identical manor and presenting it to their electorate. If each local government were pressed to review these write ups and score them , a method could be devised that can punish or reward them based on how much they have done for their electorate.
This model of reward and punishment could have quite the impact on how politicians behave, especially as the worst offenders are forced out of office and barred from returning. If successful, this model could greatly reduce overhead as there would be no incentive for politicians to introduce 'pork' to a popular bill just because they were incentivized to do so by some corporation. It will allow for a new level of freedom for politicians to do what they feel is best for our country that hasn't been seen in over half a century.

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