Regulatory Capture

in #regulation2 years ago

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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,


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


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