Conflict of interest

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How can politicians be taken seriously as regulators of the economic system, if they have one eye on becoming employed by those they are supposed to regulate? Wouldn’t it make more sense to pay them a bit (or a lot) more but legally prevent them from going over to the other side once they “retire”?

Blair works on makeover for Kazakhstan – FT

Mr Blair, who runs a business called Tony Blair Associates, has a lucrative portfolio of advisory roles. Clients include JPMorgan Chase, the US bank, and Zurich Financial Services, the Swiss insurance group. He has advised the government of Kuwait, UI Energy Corporation, a South Korean oil firm, and Mubadala, an Abu Dhabi investment fund.

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