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Regulatory Capture = Corruption


counterpunch.org/2022/06/09/co…

in reply to tom grzyb

“As a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit.” The ability of private companies, trade associations and lobbyists to influence, if not control, federal and/or state legislation and/or agencies for private gain is not only widespread, endemic to the corporate capitalist system of politics, but a growing threat to popular democracy.
in reply to tom grzyb

Politicians absolutely do not want to stir-up any animosity with their primary donors. The entire system is corrupted.

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