By Jeff Bartelli, Staff Editor
Though many Americans complain about corruption within the government, few of them are familiar with the term ‘regulatory capture.’ This is the process by which regulatory agencies eventually come to be dominated by the very industries they were charged with regulating. Even many policymakers have only a passing familiarity with the issues of regulatory capture and the economics of corruption. In an effort to encourage coherent policy, I encourage everybody to look over some informative academic references to better understand these topics. If the policymakers of tomorrow can identify regulatory capture today, then maybe future regulation can avoid some of the failures of contemporary public policy.