Regulatory capture is a sort of funny case because though the concept was invented by a Marxist (if memory serves), only economists and libertarians seem to think about it.
There’s nothing really funny here: regulatory capture is a theory of how the social democratic mixed economy etc is prone to certain sorts of institutional failure in accomplishing its goals, so of course the various sorts of people who don’t believe in that will find it appealing. Likewise, you’ll see both Marxists and libertarians readily endorse the idea that the purpose of most welfare provisions is to control and manage the destitute population, and so on. If only economists and libertarians seem to think about it, that’s probably because you know a lot more libertarians.
Yeah, you’re right. I was mainly getting at the fact that marxists are generally associated with the left and the left does seem to be in the group of people that don’t think about regulatory capture, but my language didn’t really convey that.
There’s nothing really funny here: regulatory capture is a theory of how the social democratic mixed economy etc is prone to certain sorts of institutional failure in accomplishing its goals, so of course the various sorts of people who don’t believe in that will find it appealing. Likewise, you’ll see both Marxists and libertarians readily endorse the idea that the purpose of most welfare provisions is to control and manage the destitute population, and so on. If only economists and libertarians seem to think about it, that’s probably because you know a lot more libertarians.
Yeah, you’re right. I was mainly getting at the fact that marxists are generally associated with the left and the left does seem to be in the group of people that don’t think about regulatory capture, but my language didn’t really convey that.