Reading this news piece got me thinking: What is the best, single point decision function for regulators?
- maximise consumer benefit,
- maximise domestic employment and investment opportunities, or
- help develop national champions who can grow and compete globally
Each has its pros and cons, and they all tend to be in conflict with each other.
Currently most regulators, like the one in news above, seem to prioritise consumer benefit, followed by local investment and employment opportunities wherever possible.
But, is that the best option? If not, which one of the above should a regulator chose to maximise? (Or, in what order should a regulator prioritise them?)