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Tagged: Oil industry

2010-08-26 :: madlibertarianguy // Dumbassery + Government + Regulation
On Regulatory Capture

There’s a good piece at Downsizing Government which sums up the woes of MMS/oil industry partnerships. Also, I’ve never quite understood why regulatory capture is described by Leftists as a free market failure, rather than a government failure. If government regulators are charged with making sure that industry players abide by sets of rules and […]

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