Debate around the web

In links on July 7, 2009 at 12:48 pm

City commentator Jeremy Warner believes that the City doesn’t need more regulation. His remarks in the Telegraph are interesting to consider for anyone proposing a change in regulatory structures:

“The establishment of the FSA led to an unprecedented flood of rules and regulations. If all that was required to protect the public from the folly of bankers was more rules, codes of conduct and statements of principle, then the FSA would have been a champion several times over . . . The origins of the banking crisis lie in the very human characteristic that if you take away from people all sense of responsibility for their own actions and instead make conduct enforceable through an externally imposed, all-seeing system of monitoring and rules, then you remove the element of choice that enables organisations and individuals to behave decently as a matter of conscience.

On a similar theme, Guido Fawkes reports that the House of Lords has criticised the bill to create the parliamentary standards authority. He writes:

just as the Queen wanted ‘sentence first – verdict afterwards’, Gordon in Blunderland wants ‘legislation first, consideration afterwards’.

The new chief executive of the ASA has given an interview to Media Guardian. These remarks were particularly interesting for their applicability to the PCC:

“the consequences of not applying the code in such situations would, he says, see “a bit of an arms race between some, although not the majority, of advertisers to run more and more contentious, risque ads”.

Enemies of Reason follows up on the PCC’s adjudication against the Scottish Sunday Express:

“In a judgement that’s particularly stinging even for the PCC, the Express is hauled over the coals. But what punishment has it actually received, other than a pretty stingy smack across the back of the legs? Er, none. Nothing whatsoever. Hooray for an accountable British press!

Roger Cohen has written eloquently in the New York Times of the importance of journalism, drawing on a lecture from Max Weber:

“It’s more fashionable to denigrate than praise the media these days. In the 24/7 howl of partisan pontification, and the scarcely less-constant death knell din surrounding the press, a basic truth gets lost: that to be a journalist is to bear witness.

Angry Mob has compared and contrasted the different reports of national newspapers of the report, released today, by the Equalities and Human Rights Commission into the allocation of housing:

“they use the report to beat immigrants and still insist that they are taking too large a share of social housing.

Update: some interesting comments on Iain Dale’s blog about complaining to the BBC.


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