The widely held belief that whatever benefits the financial industry must also be beneficial to all of society is known as

Question

The widely held belief that whatever benefits the financial industry must also be beneficial to all of society is known as

Quizplus · Accepted Answer

Intellectual capture refers to the phenomenon where the broader societal belief system is influenced or dominated by the interests of a specific sector, in this case, the financial industry, leading to the assumption that what is good for that sector is good for society as a whole.

The Widely Held Belief That Whatever Benefits the Financial Industry