The greatest fear of tightly coordinated action between lawmakers,agencies,and regulated interests is that of regulatory capture.

Question

Quizplus · Accepted Answer

Regulatory capture occurs when regulatory agencies become influenced or controlled by the very groups they are supposed to be regulating, resulting in policies that benefit those interests rather than the public or consumers. This can happen when regulated interests have too much influence over lawmakers and agencies, leading to tight coordination that undermines the independence and effectiveness of the regulatory system.

The Greatest Fear of Tightly Coordinated Action Between Lawmakers,agencies,and Regulated