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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 treats capture as a structural susceptibility wherever authority is coupled to political cycles that industry can influence, and names agenda, institutional and regulatory forms of it.
Financial regulators fail to prevent the 2008 crisis despite warning signs. Traditional view: regulatory failure. IRSA view: the regulatory architecture left it structurally susceptible to capture; see Political Economy for the forms and the remedies.
See: Political Economy, Governance Capture