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Economics

Interest Group Pluralism and Regulatory Capture

Quick fact

The term 'regulatory capture' was popularized by economist George Stigler in his 1971 paper, 'The Theory of Economic Regulation', which showed that regulation often benefits the industry it is meant to control.

Why this is interesting

Think about how a single sugar factory can influence food labeling rules more than millions of consumers. Why do small, organized groups often win against the majority?