He says it would have prevented some of the county's most important zoning decisions, including rules that limit where houses can be built in the mountains near Malibu.
Britain is slightly ahead on this, since its own rules ensure more fair-value reporting, although someimportant requirements will not apply to non-listed companies until next year.
Next week's column will address the final rules of Soda Club, including some of the more creative aspects of soda making and the all-important question of taste.