Revolving Door

An executive from the Mineral Management Service ( overseeing deep sea oil drilling ) is going to step down, but he is not yet ready to retire. Which industry do you think he will find a plush job in?

Regulation will never work not for any ideological reason, nor for any arcane economic argument, but for the simple fact that Regulations will not be enforced as long as the incentives for non-enforcement are greater than the incentives for enforcement.
Rewarding non-enforcement or lax enforcement will always end up in Deepwater doo-doo.