User:Noralvv

Block quote ‘Taming the Regulatory State: Politics and Ethics, Edward Elgar Publishing, UK – USA. Author: Professor Noralv Veggeland. The book incisively analyses the regulatory top-down regimes that are now having their day of dominance. It seems to be forgotten that the democratic concept of governance by the people entails accountability and trust established by open deliberative politics and ethical behaviour. Regulatory governance tends to eliminate transparency and downgrades the importance of social forces. The analyse offers an account of the inherent vulnerability of the regulatory state. The implementation of policies has been taken over by technocratic, ‘unelected’ actors, and crucial political and ethical issues are often overlooked in this regulatory governance paradigm. One striking case that exposes these underlying tensions is the state-run international investment fund, the Norwegian Pension Fund – Global (formerly the Norwegian Petroleum Fund). The book sets this investment fund into context and shows how the attempt to regulate through ethical guidelines is an illuminating example of an effort, however imperfect, to revive ethics in areas where the focus on the market normally obscures other considerations.