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Economic term is regulatory capture: https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture relevant Onion from thi

by nikcub 12y ago

Economic term is regulatory capture: https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Regulatory_capture relevant Onion from this week: http://www.theonion.com/articles/elderly-lobbyist-always-droning-on-about-how-littl,36793/ http://www.theonion.com/articles/elderly-lobbyist-always-dro...

baddox 12y ago
Regulatory capture is one of the results. The primary economic mechanic that causes this is special interests vs. dispersed interests: https://en.wikipedia.org/wiki/Public_choice#Special_interests https://en.wikipedia.org/wiki/Public_choice#Special_interest...