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No, Americans are paying 500 bucks for a pen precisely because of regulatory capture. None of the manufacturers of the cheaper version have been successful in j
by missosoup 7y ago
No, Americans are paying 500 bucks for a pen precisely because of regulatory capture. None of the manufacturers of the cheaper version have been successful in jumping the regulatory barrier to entry which the incumbents lobbied for, and tens of thousands of Americans suffer for it each year.
- bildung 7y agoI have a hard time believing e.g. most european countries have less regulation in the medical sector than the US. Probably less corruption/"lobbying" (because corporate campaign distribitions are more strictly regulated in most other countries), but corruption quite different from regulation, even if both affect how law gets written.
- throwaway100773 7y agoMany times it’s hard to distinguish the difference between regulation and corruption. Sometimes they’re one disguised as the other. Not sure what method you have for distinguishing between the two, so please share!
- bildung 7y agoI'd say they exist on different levels and shouldn't be conflated. Corruption is the undemocratic alternative to a democratic decision making process. Both affect regulation, e.g. law.