22 April 2013 - regulatory capture 3
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Another basic for a captured regulatory agency is to mandate
inefficiency. You know how sale ads promise that the more you spend
the more you save? With a regulated profit margin, the more you
waste, the more you earn.
clue:
It’s common for regulators to grant price increases based on how much
the regulated business has spent on improving its service, as opposed
to how much the business has in fact improved its service.
give me a clue so sweet and true
copyright 2013, 2024 Jay J.P. Scott
<jay@satirist.org>