Regulatory Capture. The FCC is staffer by special interests in the same way as the SEC or the Fed, or the Texas Railroad Commission. The purpose of a regulator

Regulatory Capture. The FCC is staffer by special interests in the same way as the SEC or the Fed, or the Texas Railroad Commission. The purpose of a regulatory committee is to be the creature of a specific industry. Kolko gives a history of the regulatory movement and it's role in "The Triumph of the New Conservatism". It is a must-read foranyone dealing with a regulatory body.