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"The major players in those industries are not opposed to reform ... but they want it to be aimed narrowly so as to not disturb things in their industries." No
by 001sky 12y ago
"The major players in those industries are not opposed to reform ... but they want it to be aimed narrowly so as to not disturb things in their industries."
Non-disturbance of the status quo?
I'm sure there is a more original definition of "regulatory capture" somewhere, but this is pretty good starting point. What about Patents in healthcare, drugs, science, universities...there are loads of things where the public is paying money to finance artificial mini-monopolies, especially ones extended beyond their initial term by gaming the current system in various ways.