>>14452206 pb
>>>14452080
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>>KanekoaTheGreat, [25.08.21 03:05]
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>>[ Photo ]
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>>On the left is the former FDA Commissioner in charge of regulating pharmaceutical companies.
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>>On the right is a current member of the board of directors of Pfizer.
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>define regulatory capture
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>define revolving door
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>it's not a bug but a feature in the US political/economic system
you can start here:
https://en.wikipedia.org/wiki/Regulatory_capture
In politics, regulatory capture (also client politics) is a 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, profession, or ideological group.[1][2]
When regulatory capture occurs, a special interest is prioritized over the general interests of the public, leading to a net loss for society. The theory of client politics is related to that of rent-seeking and political failure; client politics "occurs when most or all of the benefits of a program go to some single, reasonably small interest (e.g., industry, profession, or locality) but most or all of the costs will be borne by a large number of people (for example, all taxpayers) etc
https://en.wikipedia.org/wiki/Revolving_door_(politics)
"In politics, the "revolving door" is a movement of personnel between roles as legislators and regulators, on one hand, and members of the industries affected by the legislation and regulation, on the other." etc
also, where do you think all the Highly Respected retired Generals tend to go?