Someone asked me to submit a 1-minute video outlining a bold policy idea that could conceivably be pitched to the incoming Biden administration.
Here’s the text of my submission:
I’m here with a proposal that involves no new legislation. No need for the Senate. It’s just this: enforce the laws on the books. Specifically those to do with white collar crime.
Giant bank monopolies a problem? Well maybe don’t let them get away with massive mortgage fraud in the late aughts.
Facebook, Youtube, and Amazon destroying your society? Well, maybe enforce the Sherman Antitrust Act (a criminal, not civil statute!) and at the very least stop them from buying new companies.
Worried about decline in trust in elites? Then maybe don’t let Epstein walk around free for years. And maybe follow up on the leads rather than dropping the public case against him as soon as he died.
Are the rich getting richer? Maybe allow the IRS to audit them.
Do you perhaps have an epidemic of mistrust of institutions in your society? Perhaps one rotting the very core of democracy? Maybe leading to authoritarian strongmen taking power? Restore that trust by fighting white collar crime, and showing that the system works.