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Regulatory Capture

Daily Bread for 10.10.22: He Won’t Divest — He’ll Only Say He Has

Good morning. Monday in Whitewater will be partly sunny with a high of 67. Sunrise is 7:03 AM and sunset 6:19 PM for 11h 16m 22s of daytime. The moon is a waning gibbous with 99.4% of its visible disk illuminated. Whitewater’s Planning Commission meets at 6 PM.  On this day in 1492, the crew of Christopher…

Competition: Good for Individuals and Society

Pres. Biden plans measures to increase market competition. David Leonhardt reports Biden’s New Push (‘The U.S. economy suffers from a lack of competition. President Biden wants to change that’): The U.S. economy has been less dynamic in the 21st century, by many measures, than it was in the late 20th century. Fewer new businesses are starting.…

Texas (But Not Only Texas): Regulatory Capture

Regulatory capture is a simple concept: it applies when regulatory agencies become dominated by the industries or interests they are by law required to regulate. These agencies begin to act to benefit particular incumbent firms or people in the industry they are supposed to be overseeing. The concept is also sometimes called agency capture or…