Regulatory Capture

Category
Political Failure
Description
“When a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.” (related: Shirky principle — “Institutions will try to preserve the problem to which they are the solution.”; “Sunlight is the best disinfectant.”)
Person
Resource Datasbase
Source
Gabriel Weinberg's Mental Models I Find Repeatedly Useful