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> It's just regulatory capture What regulation is being captured? I've noticed this on HN. Anytime thr market produces a negative result for society, rather t
by BoiledCabbage 2y ago
> It's just regulatory capture
What regulation is being captured?
I've noticed this on HN. Anytime thr market produces a negative result for society, rather than acknowledge it, it gets blamed on some imaginary regulatory capture. Like there there is an ability to accept that markets produce negative results for society - it's always blamed on some external force.
- rightbyte 2y agoThis is an interesting thought. I have not thought about it like that before. Like, what are the odds some local 'boomer NIMBYs' or whoever the scapegoat is succeed about everywhere.
- spacebanana7 2y ago> Like there there is an ability to accept that markets produce negative results for society That's not mutually exclusive with regulatory capture. The problem of excessively large motor vehicles in the US is contributed to by both deliberate quirks of the tax system and a zero sum bidding war to be the biggest on the road, for example.
- BoiledCabbage 2y agoPeas aren't mutually exclusive with turkey. But nobody benefits when every time we see peas we call them "turkey".