regulatory capture

名词 n.
中文释义

英文释义

名词 n.
  1. The situation where a regulatory agency, created by government to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the affected industry or sector. countable,uncountable
    — This process, known as “'regulatory capture,” turns regulators from watchdogs into lapdogs. You don't have to look far to see regulatory capture in action. Securities and Exchange Commission officials are often accused of ignoring warnings about fraud, stifling investigations, even helping miscreants avoid paying big fines or going to jail.

词形变化

regulatory captures plural

词源

First described in The Theory of Economic Regulation (1971).
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