Regulators smell a rat – Aaron Woolner column

Regulators smell a rat


Concern about the growing rat population in turn of the twentieth century Hanoi led the French colonial governor Paul Doumer to hatch an ingenious plan: put a bounty on every dead rodent handed in to the authorities and let market forces eradicate the disease-carrying pests. 

At first it was an unqualified success, with corpses handed in to the French authorities at a rate of 1,100 a day, at which point Doumer no doubt congratulated himself on eradicating the rodent threat. Only that’s not what