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by jacobquick
4691 days ago
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You should look up "regulatory capture" it means something very different than how you are taking it. Just so it's not a low-content post, a company can lobby the government to change, weaken or not enforce existing regulations, and often they compound this with bribery of the regulator. Many large companies in the United States go further and lobby to extend or re-word regulations specifically to give themselves a monopoly over the regulated market. All of these actions are forms of regulatory capture. Other examples of it: the present state of the us patent and copyright system, especially if you include enforceable work-for-hire clauses and the language in various treaties referring to copyrights. Elon Musk's difficulties selling his electric cars online in Texas and other states are due to regulatory capture by car dealerships in that state. In general, most government-backed monopolies or "public-private partnerships" can safely be expected to involve a significant amount of regulatory capture. Still though you should look it up because both the term and the actual process are really useful at figuring out the hows-and-whys of US government domestic actions. |
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