The simple fact is that the top college football coaches are granted not just increased pay, but a centralizationofpower that enables and perhaps even encourages improper conduct.
Edward Richards, the head of Britain's regulator, Ofcom, warned that the "centralization ofpower to Brussels, plus a new European bureaucracy" would not enhance regulation during an interview with the Financial Times.
This centralizationofpower implicitly assumes that those who work for government are less fallible than those who work in the private sector, and therefore can be trusted to foresee and avoid the next financial crisis.