Business: BUSINESS REGULATION

It's Confused & Stagnant

THE furor attending the resignation of Richard A. Mack from the Federal Communications Commission (see NATIONAL AFFAIRS) has obscured an even more serious situation. Entirely apart from skulduggery and influence-peddling, the critical fact is that the federal regulatory agencies, which make decisions vitally affecting both industry and the public, are not doing the job they are supposed to do in the way it should be done. They operate at a snail's pace in a jet age, bog down helplessly in incredibly lengthy and complicated procedures that entail enormous delays...

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