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If I were to increase regulatory capture while cutting back regulations how exactly would I do that?
by tengbretson 8y ago
If I were to increase regulatory capture while cutting back regulations how exactly would I do that?
- whatshisface 8y agoCut the good regulations, keep the bad ones.
- xkcd-sucks 8y ago"subject to approval by $DEPARTMENT on the basis of $VAGUE_SUBJECTIVE_CRITERIA"
- wahern 8y agoEPA is a good example, but in any event regulatory capture doesn't imply more regulation, it's just descriptive about the manner in which a regulator behaves institutionally.
- mirimir 8y agoHuh? Regulatory capture (i.e., capture by whatever's being regulated) and cutting back regulations both have the same effect: weaker regulation.
- chris_t 8y agoSadly it is often not so simple. Complex regulations can advantage large incumbent firms by making it harder for newer entrants to their markets.
- Zarath 8y agoAjit Pai: Regulatory capture by serving corporate interests and destroying net neutrality. Also Ajit Pai: Destroy net neutrality, which was seen as a "regulation" in the way of a free market.
- mvc 8y agoI don't have an MBA but I imagine it involves hiring a few of the folks who currently regulate your operations while leaning on your political friends to cut regulation funding and spinning up an "independent" company prepared to shoulder the regulatory burden for a fraction of the cost. https://www.nytimes.com/2019/03/26/us/politics/boeing-faa.html https://www.nytimes.com/2019/03/26/us/politics/boeing-faa.ht...