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ZaneTannirFirstEssay 3 - 20 Apr 2025 - Main.EbenMoglen
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< | It is strongly recommended that you include your outline in the body of your essay by using the outline as section titles. The headings below are there to remind you how section and subsection titles are formatted. | | | Lebanon’s Economic Collapse and the Role of Regulatory Failure | | | While the institutions in the U.S. are stronger and more resilient, able to be bailed out by the government as they were in 2008, the underlying dynamic of regulatory capture and political entanglement with corporate interests presents extremely troubling parallels. My fears have only grown since Trump has taken office and I’ve witnessed him and Elon Musk dismantle regulatory institutions across all industries, with the Federal Reserve and SEC likely up next, in a manner even Lebanese politicians are envious of. I’ve begun to wonder if working within the regulatory system may be futile, and I fear the American people, much like the Lebanese, may ultimately bear the consequences of a system that serves the few at the expense of the many. | |
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How would better financial regulation have prevented the fertilizer from exploding?
The failure of the Lebanese state was so pervasive that any unifactorial explanation is inadequate. No historical account will be responsibly based on any one account, let alone one as indirect as the nature of the banking regulations. I think the problem arose mostly from the reuse of writing out of context. In whatever undergraduate course or other context you originally wrote this draft, it may have been more pertinent. But reused here, devoid of context, it doesn't offer anything like a meaningful explanation of the apparent subject. Hamlet without the prince is nothing compared to Beirut without the explosion, or Lebanon without Syria, for that matter.
I think it would make sense to draft fresh, though undoubtedly this draft could be improved by refocusing, to provide something of a less confined perspective on a failure as a wide as a nation. But if you're going to rewrite to that extent, why not start with a fresh idea?
| | | Bibliography | | | Locke, John. Two Treatises of Government. Edited by Peter Laslett, Cambridge University Press, 1988. | |
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Really?
| | | World Bank. Lebanon Economic Monitor: Lebanon Sinking (To the Top 3). Spring 2021. World Bank, Washington, D.C. |
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