Fact:

Out of context: Reply #120

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  • sofas-3

    "Regulatory capture is a form of government failure that occurs 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.[1] When regulatory capture occurs, the interests of firms or political groups are prioritized over the interests of the public, leading to a net loss to society as a whole. Government agencies suffering regulatory capture are called "captured agencies"."

    https://en.wikipedia.org/wiki/Re…

    • It's nice that this thread is miscellaneous.
      The other general threads like blog, test and science seem more specific
      sofas

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