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When regulatory agencies come to serve the interests of the industries they regulate rather than the public interest. IRSA's Political Economy of Regenerative Capital explains capture as structurally inevitable when regulatory authority is coupled to political cycles that industry can influence. The solution requires architectural changes that decouple regulatory authority from captured cycles.
Financial regulators fail to prevent the 2008 crisis despite warning signs. Traditional view: regulatory failure. IRSA view: the regulatory architecture made capture inevitable; see Political Economy for structural remedies.
See: Political Economy, Governance Capture