Regulatory Capture

“Regulatory capture is a theory associated with George Stigler, a Nobel laureate economist. It is the process by which regulatory agencies eventually come to be dominated by the very industries they were charged with regulating. Regulatory capture happens when a regulatory agency, formed to act in the public’s interest, eventually acts in ways that benefit the industry it is supposed to be regulating, rather than the public.”

Read more: Regulatory Capture Definition | Investopedia http://www.investopedia.com/terms/r/regulatory-capture.asp#ixzz49gXEyJtg

 

see also Symbolic ImplementationPolicy-based evidence-making

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