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Regulatory Capture

Daily Bread for 2.24.23 More Convenient than a Cat’s Meows from the Rafters

Good morning. Friday in Whitewater will be cloudy with a high of 23. Sunrise is 6:37 AM and sunset 5:38 PM for 11h 01m 24s of daytime. The moon is a waxing crescent with 22.8% of its visible disk illuminated.  On this day in 1803, in Marbury v. Madison, the Supreme Court of the United States establishes the…

Daily Bread for 2.23.23: The Businessmen Who Won’t Let Go (with Whitewater Versions)

Good morning.   Thursday in Whitewater will be cloudy with a high of 37. Sunrise is 6:38 AM and sunset 5:37 PM for 10h 58m 34s of daytime. The moon is a waxing crescent with 14.1% of its visible disk illuminated. The Whitewater Common Council meets at 6:30 PM. (At four o’clock, the City of Whitewater will…

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…