Practical definition: Government oversight
Congress is fond of setting up oversight committees, and demanding that various agencies provide oversight to much of our economy. They are clearly contemplating definition 1 from Webster’s:
1 a: watchful and responsible care b: regulatory supervision <congressional oversight>
When one sees the actual, as opposed to the theoretical workings of our governments, state and local, it’s impossible not consider definition 2 as more appropriate:
2: an inadvertent omission or error
As the inestimable Henry Stern points out, oversight is one of the few words in the English language that also means its own opposite.
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