In this discussion, Andy Schmulow, an Associate Professor of Law, and Dr. Jason Harris, a Professor of Corporate Law, dive into the critical failures of the Australian Securities and Investments Commission (ASIC). They advocate for splitting ASIC into specialized regulators to enhance corporate oversight and protect consumers. Highlighting ASIC's inefficiency in addressing corporate crime, they stress the urgency for reform to safeguard retirees’ finances. The conversation also touches on the need for a greater emphasis on valuing natural ecosystems within economic frameworks.