Regulatory Capture is a thing.
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Corporations have found - perhaps to their surprise - that politicians can be an incredibly good investment: As little as $100k can have the regulatory environment changed to suit their particular business model, raking in billions.
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"Power corrupts , absolute power corrupts absolutely"
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They do have loyalties, though, to specific countries and tribes - just not aligned with their host nation or tribe. Never forget that.
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Hint corporations are corrupt regulations are not supposed to be you have to run business this way. They are supposed to be you can’t do that boundary’s big difference. Everyone seems to be macroeconomic expert these days and citing theories already proven wrong doesn’t help.
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Govt uses corporations to de facto enact ideological positions; corporations use govt to legalise privatisation of profit & socialisation of risk. Corporate State ≠ free market capitalism
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Amakudari (public officials who "retire" and take jobs in private sector in the sector they previously regulated) + classic Regulatory Capture.
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And here is just one of many examples of how the largest players in a particular industry control the regulatory agencies in favor of those big players.pic.twitter.com/clARIBsH6t
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Ever wonder why the SEC basically did nothing after the big crash of 2007-2008?pic.twitter.com/ZUMBv7fD4r
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