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Tagged: lobby

2010-06-09 :: madlibertarianguy // Dumbassery + Regulation
Regulatory Capture Sauce

An anonymous editorialist in The Wall Street Journal: In the better economic textbooks, regulatory capture is described as a “government failure,” as opposed to a market failure. It refers to the fact that individuals or companies with the highest interest or stake in a policy outcome will be able to focus their energies on politicians […]

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