I don't believe regulators who 'operate in national interest' will remain in the national interest. Like you said, power consolidates, and an agency that regulates economics is a very powerful entity. Wouldn't take long until it's co-opted.
Power, like economics, exists because people exist. The struggle to keep power oriented for the benefit of the people under it is eternal. It's good to have frens in power. It's bad to have enemies in power.
I don't believe regulators who 'operate in national interest' will remain in the national interest. Like you said, power consolidates, and an agency that regulates economics is a very powerful entity. Wouldn't take long until it's co-opted.
Power, like economics, exists because people exist. The struggle to keep power oriented for the benefit of the people under it is eternal. It's good to have frens in power. It's bad to have enemies in power.
How do you propose we keep the regulators working in the interest of the nation?
Keep frens in charge who have a national conciousness.
Easier said than done. Beurocrats aren't elected, and it only takes one cunt without national interests getting in to fuck things up for decades.