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There is also the phenomenon of regulatory capture, when the bureaucracy responsible for implementing regulations gets captured by the corporations and entities
by starkd 4y ago
There is also the phenomenon of regulatory capture, when the bureaucracy responsible for implementing regulations gets captured by the corporations and entities involved. Very relevant to what's happening today.
- germinalphrase 4y agoI can’t say much about the veracity of her arguments, but there is a journalist named Sarah Chayes that has been investigating the US failures in Afghanistan as, primarily, a reflection of America supporting (and helping to build) a culture of corruption that undermined our primary nation building objectives in that country. She extends this argument to American political and business culture that shares these same qualities of corruption (that we conveniently label as something other than “corruption”).