It's "Regulatory Capture;" it's something like Capture The Flag, only in this game, it's always captured and no matter the professed ideology of the captured regulators and those who've captured them, you and I (and our grandparents and the hippie down the street) lose.
Oddly, most critics seem to think the solution is more regulations and/or better regulators. They overlook the best way to end the game is to remove the prize.
IT'S A KLUGE
2 days ago