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Regulatory Capture thread


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2021 Sep 1, 10:50pm   2,166 views  43 comments

by Patrick   ➕follow (60)   💰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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