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De-regulation and regulatory capture are almost opposite things. De-regulation is a solution to the problem of regulatory capture. Regulatory capture is a cent
by marcuskane2 2y ago
De-regulation and regulatory capture are almost opposite things. De-regulation is a solution to the problem of regulatory capture.
Regulatory capture is a central problem in America today. The big powerful entities- major corporations, large unions, special interest groups, etc have the time, resources and incentives to lobby for laws (regulations) to be written in their favor.
The result is the American public is very heavily regulated, but in ways that are beneficial primarily to the powerful incumbents. This spans everything from copyright law favoring big hollywood studios to USDA regulations favoring the handful of major meat producer corporations to medicine, manufacturing, retail, real estate, etc.
Regulatory capture is also why the divide between leftists saying more regulation and rightists saying less regulation are both often missing the real problem. The US already has millions of lines of text for regulation, the problem is that so much of the regulation is bad and written to favor whoever donated or could sway votes to whichever representative crafted the language.