Regulatory Capture: an Ubiquitous and Invisible Enemy of Democracy

Illustrating Regulatory Capture with a wolf in sheep's clothing, which represent the way that a company or industry (the wolf) that is being regulated begins to exert control over the regulatory body itself (the sheep's clothing).

The term Regulatory Capture was coined in 1971, and refers to a situation where a regulatory agency, which is supposed to protect the public interest, instead comes to be dominated by the interests of the industry it is supposed to regulate. This can happen when the industry has a lot of money and power, and it can use that money and power to influence the regulators. Read on to learn more.

13/06/2023 0

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