Saturday, April 24, 2010

Regulatory Capture in The Science of Success

I've been enjoying playoff hockey, the Smuttynose Brewing Company and The Science of Success this afternoon. Charles Koch presents his managerial ideas in a straight-forward manner, and it's a relaxing read. Though I was particularly intrigued by this (unintentional?) reference to the capture theory of regulation:

But, even when faced with laws we think are counter-productive, we must first comply. Only then, from a credible position, can we enter into a dialogue with regulatory agencies to demonstrate alternatives that are more beneficial.

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