Aurora Timmus

Watch former heads of state such as Bill Clinton or Tony Blair use the fame that the general public gave them to make hundreds of million in speaking fees –indeed for these two sleek fellows, public service was the most effective step towards enrichment. The difference between a salesman and a charlatan is that the latter doesn’t deliver what he claims to be selling. Ironically the pair Clinton-Blair appeared less greedy than the typical ego-driven businessman who seeks elections.

So there is an implicit bribe in civil service: you act as a servant to industry, say Monsanto, and they take care of you later on. They do not do it out of a sense of honor: simply, it is necessary to keep such a system going and encourage the next guy to play by the rules. The IYI cum scumbag Tim Geithner–with whom I share a Calabrese barber –was overtly rewarded by the industry he helped bail out.

…gan and recoup a multiple of the difference between his or her current salary and the market rate. (Regulators, you may recall, have an incentive to make rules as complex as possible so their expertise can later be hired at a higher price.)