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Regulatory capture. Corporations entice regulators with cushy jobs when they leave public service, with the implied understanding that they won't act against th
by HenryKissinger 7y ago
Regulatory capture. Corporations entice regulators with cushy jobs when they leave public service, with the implied understanding that they won't act against their interests while they work in government.
- Ididntdothis 7y agoThat’s another effect of income inequality. Some players can pay so much money that people are willing to compromise some values. I am pretty sure I could overlook some things if I suddenly got paid ten times as money as before.
- favorited 7y agoThat's only one theory. The other is that it is natural to expect people who exit high-level positions in public service to enter high-level positions in private industry, particularly in the same field.