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6min chapter
Marc Andreessen On Venture Capital, Science, Tech, Progress, and More (Rerelease)
CSPI Podcast
The Importance of Gaming the Metrics
David Frum: It seems like we're just throwing more money at the problem of infrastructure. He says there are ways things can get reformed, but it's hard to think of places in recent history where a vested interest was too powerful. In 2008, JPMorgan Chase and Citibank were quote, "two big banks to fail," he writes. The companies that gain power early, they capture their regulator, right? And so they end up implementing policies for their industry that have the effect of basically cementing their market positions - which is called regulatory capture.
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