Regulatory capture: a regulator’s perspective « Foseti
Not so sure what I think about Foseti, yet this is an informative article.
Regulatory capture: a regulator’s perspective
Lots of people like to talk about regulatory capture. Almost no one has any idea what it really is. Here are some random thoughts on it.
Wikipedia states that, “regulatory capture occurs when a state regulatory agency created to act in the public interest instead advances the commercial or special interests that dominate the industry or sector it is charged with regulating.”
I think this relatively concise definition will work for our purposes, but first we need a little background.
Temporary government vs. permanent government