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I hate to be a cynic, but the rules have never really applied to the guys at the top of the market. In business school you’re flat out told that “the role of go
by wayoutthere 5y ago
I hate to be a cynic, but the rules have never really applied to the guys at the top of the market. In business school you’re flat out told that “the role of government is to pick the winners”. And the associated cases were generally about compromising regulatory authorities — with the goal of showing why the side with more money almost always wins. Everyone below you on the food chain sees you as a payday and is willing to be complicit for the right price. If (price of regulatory capture) < (expected return), you’ll do it; and the ROI on government influence is pretty high.
Or as the old saying goes, steal a million dollars and you go to jail, steal a billion dollars and they name a business school after you.
- Joker_vD 5y agoAnd don't forget on different ways to perform regulatory capture: sometimes it's cheaper to stage a military coup than to try to make "your" politicians win popular elections. That usually is reserved for banana republics, of course.
- 3pt14159 5y agoWhich business school did you go to?
- wayoutthere 5y agoI like my anonymity; but it was a brand name. Had more than one classmate whose parents were billionaires and many others who were children of sub-billionaire fortune 100 executives; it was the kind of place they sent their kids to learn the unspoken rules of the game.