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Regulatory capture is special interest groups in charge of regulating themselves. Of course private movie theaters are the ones who sponsored the bills saying p
by SQueeeeeL 6y ago
Regulatory capture is special interest groups in charge of regulating themselves. Of course private movie theaters are the ones who sponsored the bills saying production housing can't own movie theaters, it'd be bad for their business to have to compete and not have access to all movies. Regulatory capture can be sensible and still massively benefit special interests.
- tzs 6y ago> Of course private movie theaters are the ones who sponsored the bills saying production housing can't own movie theaters, it'd be bad for their business to have to compete and not have access to all movies. It was an antitrust lawsuit by the government in 1938 that brought this about, not legislation.