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That covers materialist capture, but there is also non-materialist capture: >Materialist capture, also called financial capture, in which the captured regulato
by opo 10y ago
That covers materialist capture, but there is also non-materialist capture:
>Materialist capture, also called financial capture, in which the captured regulator's motive is based on its material self-interest. This can result from bribery, revolving doors, political donations, or the regulator's desire to maintain its government funding. These forms of capture often amount to political corruption.
Non-materialist capture, also called cognitive capture or cultural capture, in which the regulator begins to think like the regulated industry. This can result from interest-group lobbying by the industry.
Another distinction can be made between capture retained by big firms and by small firms.[11] While Stigler mainly referred, in his work,[12] to large firms capturing regulators by bartering their vast resources (materialist capture) - small firms are more prone to retain non-materialist capture via a special underdog rhetoric.[11]
https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture