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The problem is called regulatory capture. And it’s by our campaign finance system. And that’s a result of unhindered capital accumulation by a minority.
by nielsbot 3y ago
The problem is called regulatory capture. And it’s by our campaign finance system. And that’s a result of unhindered capital accumulation by a minority.
- nyokodo 3y ago> regulatory capture You don’t need a campaign finance problem to get regulatory capture. Only industry insiders have the context to regulate industries. They come from industry, they know and are known by all the players, and back to industry is where they want options to return. They see the world in terms other insiders do and they don’t want to burn any bridges. This is a recipe for industry getting what they want in most cases.
- nielsbot 3y agoI agree "revolving door" is also a huge problem.