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How is regulatory capture a problem of democracy? Surely you only need a regulator and a party to capture them? For example, what's stopping a company in China
by brutusborn 4y ago
How is regulatory capture a problem of democracy? Surely you only need a regulator and a party to capture them?
For example, what's stopping a company in China lobbying a minister for regulations that harm their competitors? The Minister may not have been elected through democratic means, but regulatory capture can still occur.
- scoofy 4y agoI didn't mean exclusively. I meant it's an existing problem, the distance between the regulator and the authority, which in democracy is quite distant, but in other form of government can also be quite distant.
- brutusborn 4y agoI think we're getting closer but I still don't understand. What do you mean by "the authority"?
- scoofy 4y agoThis is not a game for me
- brutusborn 4y ago?