Correspondence: ASIC and Uncapped

One Eureka Report member points to problems with ASIC, while another looks for more information on Uncapped.

Alan, I concur with your analysis in, The System Is Rigged, except for one point: ASIC’s problem is not that it is undermanned, it’s that its executives are from, or closely linked to, the firms and industries they are supposed to be regulating. What’s more, many return to those firms and industries when they leave ASIC.

On the subject of what needs changing, have you read “The Price of Inequality” by Joseph Stiglitz? He really shows how it’s rigged.

Carlo Bongarzoni

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