# Policy failure

`kaal:entity:policy-failure`

**Status.** derived

This node is assembled mechanically from the 7 claims that carry the concept tag `policy-failure`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

7 claims across 4 works, 2016 to 2024.

**2016**

- [2740477-011](https://wulfkaal.github.io/claims/2740477-011) [failure/argued] *(failure mode)* -- The rising complexity of innovation driven regulatory issues confuses political and policy makers about rapidly emerging disruptive change, which makes a coherent political and policy solution to those challenges less likely.
  > the increasing complexity of innovation-driven regulatory issues causes political and policy makers' confusion over rapidly-emerging disruptive change, making a coherent political and policy solution to these challenges less likely.
  Wulf A. Kaal, Erik P.M. Vermeulen, Venture Capital as Dynamic Regulation of Disruptive Innovation (2016). SSRN: https://ssrn.com/abstract=2740477
- [2808132-012](https://wulfkaal.github.io/claims/2808132-012) [mechanism/argued] *(failure mode)* -- The political system is less likely to be able to resolve the challenges of disruptive innovation because the increasing complexity of innovation-driven regulatory issues causes confusion among political and policy makers about rapidly emerging change.
  > political system is, however, less likely to be able to deal with the challenges of disruptive innovation because the increasing complexity of innovation-driven regulatory issues causes political and policy makers' confusion over rapidly-emerging disruptive
  Wulf A. Kaal, Erik P.M. Vermeulen, How to Regulate Disruptive Innovation - From Facts to Data (2016). SSRN: https://ssrn.com/abstract=2808132

**2017**

- [2922176-012](https://wulfkaal.github.io/claims/2922176-012) [failure/argued] *(failure mode)* -- Corporate governance initiatives designed to encourage long-term thinking rarely work as policymakers expect them to.
  > Corporate governance initiatives that encourage long-term thinking rarely work as expected by policymakers.
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017). SSRN: https://ssrn.com/abstract=2922176
- [2922176-013](https://wulfkaal.github.io/claims/2922176-013) [failure/argued] *(failure mode)* -- Mobilizing investors as stewards leads managers to ask the wrong questions about sustainable success: rather than pushing firms toward innovation and relevancy, such measures simply reinforce the centralized shareholder primacy view they were meant to soften.
  > In fact, mobilizing investors may actually lead managers to ask the wrong kind of questions about what needs to be done to ensure sustainable success. Rather than incentivizing a focus on innovation and relevancy, such measures merely reinforce the centralized shareholder primacy view.
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017). SSRN: https://ssrn.com/abstract=2922176
- [2922176-037](https://wulfkaal.github.io/claims/2922176-037) [failure/argued] *(failure mode)* -- Contemporary corporate governance reforms are unlikely to work as policymakers and regulators intend, because experts agree improvement is needed but disagree widely on what good corporate governance is or how to achieve it.
  > Contemporary corporate governance reforms are unlikely to work as intended by policymakers and regulators.
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017). SSRN: https://ssrn.com/abstract=2922176
- [2922176-038](https://wulfkaal.github.io/claims/2922176-038) [empirical/asserted] *(failure mode)* -- The corporate governance frameworks developed in the 2000s had little or no impact on the performance of listed companies during the financial crisis, and the number, scale, and effects of corporate scandals are not diminishing.
  > Contemporary corporate governance frameworks developed in the 2000s had little or no impact on the performance of listed companies during the last financial crisis. Moreover, the number, scale, and effects of corporate scandals and economic failures do not appear to be diminishing.
  Mark Fenwick, Wulf A. Kaal, Erik P. M. Vermeulen, The ‘Unmediated’ and ‘Tech-Driven’ Corporate Governance of Today's Winning Companies (2017). SSRN: https://ssrn.com/abstract=2922176

**2024**

- [4957318-016](https://wulfkaal.github.io/claims/4957318-016) [failure/evidenced] *(failure mode)* -- Sunset provisions in tax law do not deliver fiscal restraint, because shifting baselines, exceptions to budget rules, and the difficulty of accurately costing temporary legislation undermine their theoretical benefits.
  > Complexities such as shifting baselines, exceptions to budget rules, and the challenges of accurately assessing the costs of temporary legislation undermine the theoretical benefits of sunset provisions in promoting fiscal restraint.
  Wulf A. Kaal, The Future of Law - Dynamic Web3 Governance (2024). SSRN: https://ssrn.com/abstract=4957318

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/policy-failure.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.