Regulatory Capture: Beyond Revolving Doors and Against Regulatory Nihilism.

A Soviet editorial cartoon featuring an ogrish capitalist in top hat and tails yanking a dollar-sign-shaped lever that ejects a tiny bureaucrat from a seat; ranks of bureaucrats behind him wait their turns, grinning idiot grins.

This week on my podcast, I read a recent Medium column, Regulatory Capture: Beyond Revolving Doors and Against Regulatory Nihilism., about the origins of the theory of regulatory capture, and the all-important, but rarely discussed difference between right and left theories of regulatory capture.

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