Regulatory Capture Theory Quotes

The only law Washington can be counted on to respect: It is the law of dispersed costs but concentrated benefits

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.

Sooner or later, the regulated industry tries to get control of the regulating body.

When one gets in bed with government, one must expect the diseases it spreads.

TPP replicates similar language from past trade agreements that has allowed foreign corporations the right to challenge U.S. federal, state, and local laws outside of American courts. These tribunals will not meet our high standard of transparency and due process, and they will rely on weak impartiality rules for selecting judges.

European civil society and NGOs that petition for favours and influence for their special interests are often themselves funded from E.U. coffers. This creates a system of patronage that encourages self-reinforcing group-think and a cloying sycophancy.

The concept of industry domination of regulatory agencies was well known and documented in the literature by the 1960s.

Three out of four [White House] comments on our rule making were cribbed right from industry briefs.