Meaning of regulatory capture | Babel Free

Definitions

The situation where a regulatory agency, created by government to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the affected industry or sector.

countable, uncountable

Examples

“This process⟳, known as “'regulatory capture⟳,” turns regulators from watchdogs into lapdogs. You don't have⟳ to look⟳ far to see⟳ regulatory capture⟳ in action. Securities and Exchange⟳ Commission officials are often accused of ignoring warnings about fraud, stifling investigations, even helping miscreants avoid⟳ paying big fines or going to jail.”

“The problem is regulatory capture⟳. We need⟳ to want⟳ new companies to build⟳ these things, even if incumbents don’t like⟳ it, even if only to force⟳ the incumbents to build⟳ these things. And the problem is will. We need⟳ to build⟳ these things.”

CEFR level