Who captures whom? The case of regulation
Ludwig von Mises Institute
by Michael S. Rozeff
09/28/06
Last month, Mises.org republished a first-rate article written by Gary North in 1978 titled 'Walking into a Trap.' To the best of my knowledge, this was the first time anyone had provided a detailed dynamic model explaining how the government traps and captures an industry it regulates. The article provided an accurate blueprint for the multi-year gradual process by which doctors, hospitals, and the medical industries in general have since been and are being captured and turned into drudges of government bureaucrats...
http://www.mises.org/story/2320
Informant: Thomas L. Knapp
by Michael S. Rozeff
09/28/06
Last month, Mises.org republished a first-rate article written by Gary North in 1978 titled 'Walking into a Trap.' To the best of my knowledge, this was the first time anyone had provided a detailed dynamic model explaining how the government traps and captures an industry it regulates. The article provided an accurate blueprint for the multi-year gradual process by which doctors, hospitals, and the medical industries in general have since been and are being captured and turned into drudges of government bureaucrats...
http://www.mises.org/story/2320
Informant: Thomas L. Knapp
rudkla - 29. Sep, 15:52
