4 ms·
You're describing regulatory capture, and it doesn't require a monopoly at all, merely deeply-entrenched players with effective lobbyists. Many, many industries
by cobbzilla 9y ago
You're describing regulatory capture, and it doesn't require a monopoly at all, merely deeply-entrenched players with effective lobbyists. Many, many industries engage in regulatory capture without having a single monopolist, e.g. pharma, defense, even say the SF housing market.