Originally posted by ahinton
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Would you prefer a few lords, some ex CEOs and a couple of bishops to be in charge or Hugh Grant, a member of the Dowler family and someone who lost a relative at Hillsborough? To me, the question answers itself and the principle should apply everywhere. It is intuitively the natural way of ensuring checks and balances and is probably also why it is never done.
In the current system, industries have bodies which represent them exclusively. When it comes to the public, the great and the good are allegedly there to find a balance between competing interests. In practice, the see-saw is tilted firmly to the industry's side. So there is rarely any body that represents the public exclusively. That is why quangos are so discredited.
As it happens, the FSA was the one organisation which supported me on 50% of a substantial complaint. That though was luck if also right - although tellingly the decision arrived in a climate of utter condemnation in the press about misselling.
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