Regulatory Capture

in #regulation3 years ago

image.png


image.png

FDA executive officer is caught on hidden
camera admitting Biden will force an ANNUAL
Covid shot that would be a 'recurring
fountain of revenue' for drug firms

'The drug companies, the food companies, the vaccine companies, they pay us hundreds of millions of dollars a year to hire and keep the reviewers to approve their products,' he said.

'If they can get every person required [for] an annual vaccine, that is a recurring return of money.'

Trump was right. Again.
It's called regulatory capture

In politics, regulatory capture (also agency capture and client politics) is a form of corruption of authority that occurs when a political entity, policymaker, or regulator is co-opted to serve the commercial, ideological, or political interests of a minor constituency, such as a particular geographic area, industry,


image.png

The extended social costs and consequences of Regulatory Capture is worse than no regulation at all.


image.png

Coin Marketplace

STEEM 0.20
TRX 0.20
JST 0.034
BTC 89955.66
ETH 3105.10
USDT 1.00
SBD 2.98