mmm, I love the smell of Regulatory Capture in the morning
March 15th, 2004
Regulatory Capture is when, “when regulators serve the interests of those they’re allegedly regulating in the general public interest.”
See post here.
There are two key parts:
1 Over time the regulators and regulatees become friendly &
2 The established businesses come to find that the regulatory environment is beneficial to them by keeping new competators down/out, in that it raises the barriers to entry in that market.
Anyways the whole point of introducing the concept of regulatory capture is to link to this article. Aka, California AG position paper doc on P2P networks turns out to have been written or edited by someone from the MPAA. Mmmm, smells good don’t it?
Categories: society