That's more or less the MO in the pharmaceutical industry. Works mostly well, and fails when the ones who return to industry fail to recognize their responsibility to the society at large (function of the regulator) and become beholden to the mighty $$$$$$ and start working in ways to undermine well-intentioned regulators.DCHawk1 wrote: ↑Thu Apr 09, 2020 3:05 pm It's all pretty standard bureaucratic theory: Technology makes the world complicated. Regulating a complicated world requires specialized knowledge. Specialized knowledge is almost exclusively held by industry practitioners. Therefore, if government wants to regulate, it has to choose primarily from industry practitioners -- most of whom then go back to industry but are even better at their previous jobs because they now have regulatory experience AND contacts.
Some failures are spectacular (Vioxx). Also, recently the civil aviation skipped one of the steps and just let industry practioners regulate themselves. As a result many people died and several aircraft remain inoperative.