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Regulatory Capture thread


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2021 Sep 1, 10:50pm   1,515 views  42 comments

by Patrick   ➕follow (55)   💰tip   ignore  

https://en.wikipedia.org/wiki/Regulatory_capture


In politics, regulatory capture (also client politics) is a corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group.[1][2]

When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. The theory of client politics is related to that of rent-seeking and political failure; client politics "occurs when most or all of the benefits of a program go to some single, reasonably small interest (e.g., industry, profession, or locality) but most or all of the costs will be borne by a large number of people (for example, all taxpayers)".[3]


https://nitter.database.red/RWMaloneMD/status/1433245254547816448#m

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41   HeadSet   2022 Jul 26, 12:04pm  

stereotomy says

They bought all the MP's with shares, then had the english government provide military support when "governing" India became too expensive.

Yes. and like the New World colonies, that entitled the risk of being taken over by "The Crown."

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