LA28 Olympic & Paralympic Games’ Post

I really enjoyed this article. It raises the interesting question, though, of what the right approach would be. In principle, states shouldn't really be "competing." That's a concept that belongs in the private sector. Yet, in practice, they do when it comes to gambling dollars (among other things). If regulators are competing, then naturally Nevada is at a disadvantage if others can save effort by following its lead but not vice versa. On the other hand, as John points out, removing that barrier may lead to a race to the bottom. That's kind of what happens in the private sector in the absence of regulation - competition driving corporations to ever-lower standards of responsibility. So, what does it mean when state regulators find themselves pressured to be more competitive? Does someone need to regulate the regulators?

france

France

France

France

France

France

France