Regulatory capture
corrupt 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.
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Quotes
edit- Sed quis custodiet ipsos custodes?
- But who will guard the guards themselves?
- Juvenal, Satire VI, line 347
- But who will guard the guards themselves?
