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| Authored by: Anonymous on Wednesday, October 31 2012 @ 09:01 AM EDT |
Fun game - find an agency that isn't captured.
Good luck.[ Reply to This | Parent | # ]
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| Authored by: Anonymous on Wednesday, October 31 2012 @ 11:01 AM EDT |
Thank you for a good explaination.
[ Reply to This | Parent | # ]
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| Authored by: Tyro on Wednesday, October 31 2012 @ 11:01 PM EDT |
That's actually slightly wrong. Regulatory capture requires that the nominal
regulators in return for either past or prospective favors make decisions that
favor a portion of the "thing" so regulated. This is regulatory
capture EVEN IF the decision in also in agreement with the intended purpose of
the regulatory body (though try to find an example of that).
What the "Free Dictionary" described was the common result of
regulatory capture, not the thing itself. (Regulatory capture is most often
implemented by giving regulators a plum job upon their retirement from the
regulatory body, but the particular form of the "bribe" isn't a part
of the definition. In fact it could also be implemented by threats, though I'm
not aware of this occurring.)[ Reply to This | Parent | # ]
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