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It happens also when a business model isn't so disruptive. Regulation ends up favoring the politically connected. The more politically connected, generally, a
by nirvana 14y ago
It happens also when a business model isn't so disruptive. Regulation ends up favoring the politically connected. The more politically connected, generally, are bigger or more established interests.
This benefits politicians as well, because the ability to change regulations is useful for raising donations. "You gotta mighty fine business here, it would be a shame if we lowered your tariff...."
- alttab 14y agoIts called racketeering and it's illegal. Happens all the time and it perpetuates because those engaging in it are financially rewarded if successful, which in today's system simply makes success more probable the next time.