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appalachiablue

(44,084 posts)
8. You're welcome, spot on term. Here's another kind of major 'capture'
Fri Nov 29, 2024, 09:29 AM
Nov 2024

Last edited Fri Nov 29, 2024, 10:24 AM - Edit history (1)

Wiki. - Regulatory Capture. In politics, regulatory capture (also called agency capture) is a form of corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry, profession, or ideological group.

When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society...

https://en.wikipedia.org/wiki/Regulatory_capture

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