Regulatory capture

Form of government failure in which regulations are written in favour of private interests

Regulatory capture is a form of government failure which occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.

QuotesEdit

  • Sed quis custodiet ipsos custodes?
    • But who will guard the guards themselves?

External linksEdit

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