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> Why the US can’t follow the models followed most elsewhere in the world is unclear To the contrary, it is very clear: regulatory capture. https://en.wikiped
by lisper 5y ago
> Why the US can’t follow the models followed most elsewhere in the world is unclear
To the contrary, it is very clear: regulatory capture.
https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture
- JCM9 5y agoYes… didn’t know what the technical term was but that’s it
- BurningFrog 5y agoStill unclear why Regulatory Capture only happens in the US?
- lisper 5y agoIt happens outside the U.S. as well, but the U.S. has a particularly weak form of democracy which makes it more prone to regulatory capture. In particular, money is a more powerful policial level in the U.S. than in most other democracies, and that creates a positive feedback loop that tends to encourage and reinforce regulatory capture (you use RC to make money, which you then turn around and use to pursue more RC in order to make more money...)
- ddingus 5y agoWe allow bribes.