Thursday, May 6, 2010

Just Say No

I'm in the throes of studying for my Anti-Trust final. As I go back over my notes, outline, and the cases in the book, I can't help but be struck by the government's tenacity in enforcing the law. The DOJ can't just smack a company for violating the anti-trust laws. It has to prove the allegations in court and the judicial branch isn't shy about restraining the executive. But the DOJ and FTC just keep coming back for more.

Why didn't I think of that?

This may seem normal to us but it's a hard balance to strike. One of the hardest challenges facing poor countries is how to create institutions that will enforce the law and not just cater to the whims of whoever's in power. When you don't have "robust" institutions, you have a lot of corruption and exploitation. How do you create a group of people who are more-or-less incorruptible when the entire environment is rife with corruption?

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