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by Florin_Andrei 4155 days ago
Regulatory capture is definitely involved, yes. Except it's not the originator of the woes, it's merely an instrument.

It's not the bullet that kills the victim, it's the assassin that pulls the trigger.

1 comments

We have empirical evidence that competition has an immediate effect on improving the marketplace. Competition is hindered because of regulatory capture. It would seem to follow that competition is the cure, and impediment of regulation bought through corruption is the disease.