InvestorsHub Logo
Followers 45
Posts 7114
Boards Moderated 0
Alias Born 07/18/2020

Re: navycmdr post# 695446

Friday, 09/17/2021 1:26:27 PM

Friday, September 17, 2021 1:26:27 PM

Post# of 798051
https://www.investopedia.com/terms/r/regulatory-capture.asp

"Regulated industries devote large budgets to influencing regulators at federal, state, and local levels. By contrast, individual citizens spend only limited resources to advocate for their own rights. This is an extension of the concept of concentrated benefits and dispersed costs of regulation, public policy, and collective action in general, described by economist Mancur Olsen."