Simply a discussion of this asinine world we are in. A viewpoint
Friday, July 26, 2013
Regulatory Capture
Regulatory capture occurs when a regulatory agency, created to act in
the public interest, instead advances the commercial or special
concerns of interest groups that dominate the industry or sector it is
charged with regulating. Regulatory capture is a form of government
failure, as it can act as an encouragement for firms to produce negative
externalities. The agencies are called "captured agencies".
Can anyone name a agency that is not corrupt that calls itself government? anyone?
Can anyone name a agency that is not corrupt that calls itself government? anyone?