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Economy
See other Economy Articles Title: The Bottomless Swamp of Regulatory Capture
Source:
Of Two Minds
URL Source: https://www.oftwominds.com/blogoct23/regulatory-capture10-23.html
Published: Oct 11, 2023
Author: Charles Hugh Smith
Post Date: 2023-10-11 00:13:56 by Charles_Byrd
Keywords: None
Views: 219
In the great scheme of civilization, governments arose to consolidate resources, wealth and power, and protect these scarce and valuable assets from outsiders. Outsiders included invading hordes, competing states and self-serving entities within the realm guided by one goal: to maximize private gain by any means available. In the past, these entities included petty fiefdoms, warlords and brigands. In the present, corporations are the entities guided by one goal: to maximize their private gain by any means available. This pathological drive to profiteer, exploit and pillage goes by the polite term "increasing shareholder value." (I'm sure the warlords and brigands would be jealous of the modern-day PR machinery wielded by corporations.) Click for Full Text! Post Comment Private Reply Ignore Thread
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