LogFAQs > #931326750

Is there an example of a system where the rich didn't capture the system? And is the solution to just have a society with no rules? Would that somehow reduce their power? It sounds like that writer is saying that government is a priori bad and so any bad thing that the government does is because government is bad and any bad thing a corporation or rich person does is also because of the government.

The problem with regulatory capture is the power amassed by individuals and groups of individuals and the lack of ethics and disincentives for corruption. We've focused on the wrong type of regulations and the people blocking those ethics regulations because there anti-all regulation. We need to increase competition and flatten out wealth disparities and we'll see less ability for regulatory capture and monopolies to form.

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I gotta be righteous, I gotta be me, I gotta be conscious, I gotta be free, I gotta be able, I gotta attack, I gotta be stable, I gotta be black.