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Regulatory capture is the natural side effect of regulatory control of industries. Look no further than Barney Frank asking the companies he regulated to hire
by mathattack 15y ago
Regulatory capture is the natural side effect of regulatory control of industries. Look no further than Barney Frank asking the companies he regulated to hire his SO.
- gujk 15y agoA balance of power between multiple branches and levels of government, and aka oversight, can mitigate that. Not perfect, but neither is nonregulation.
- mathattack 15y agoThere is no perfect solution, and complain as I do, we still have something good and fixable. In general I prefer less regulation and smaller government so we can let the market handle resource allocation for us. The less pie for the govt to waste, the better we are. I believe regulation is definitely needed where there are externalities: pollution, access to education, basic r and d...