4 ms·
I'd say that that's a mechanism of regulatory capture, but not the phenomenon, itself. As Wikipedia puts it: "Regulatory capture is a form of government failur
by acjohnson55 9y ago
I'd say that that's a mechanism of regulatory capture, but not the phenomenon, itself. As Wikipedia puts it:
"Regulatory capture is a form of government failure that occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating."
There are many ways this happens without a revolving door.
- jacquesm 9y agoIE, the EPA at the moment.
- vermontdevil 9y agoYep look at hairdressing, taxi, funeral homes industries for examples.
- jnbiche 9y agoAnd banking, for another example.