Regulatory Capture facts
While investigating facts about Regulatory Capture, I found out little known, but curios details like:
Regulatory Capture, when a governmental regulatory agency ceases to promote the interest of the public, but instead does the exact opposite by advancing the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.
Regulatory capture is a form of government failure where those bodies regulating industries become sympathetic to the businesses they are supposed to be regulating. Regulatory capture can mean monopolies can continue to charge high prices.
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across. Here are 3 of the best facts about Regulatory Capture I managed to collect.
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Several US government agencies have fallen into "regulatory capture" - where the industries themselves, in effect, control the regulators and the rules. Among them are the FDA, FCC, EPA, SEC, FTC, and many others.
