Attorney Robert F. Kennedy Jr. of Children’s Health Defense joins to discuss the much-touted HPV vaccine, which new evidence shows may be ineffective and why it has done tremendous harm. He also explains how legal loopholes exempt vaccine makers from rigorous testing. He goes on to discuss the revolving door between Big Pharma and the bodies that are supposed to oversee it and curtail its abuses. He argues that regulatory capture has turned the Centers for Disease Control and Prevention (CDC) into “a vaccine company.”
Regulatory capture is an economic theory that says regulatory agencies may come to be dominated by the industries or interests they are charged with regulating. The result is that an agency, charged with acting in the public interest, instead acts in ways that benefit the industry it is supposed to be regulating.
Regulatory capture theory is a core focus of the branch of public choice referred to as the economics of regulation; economists in this specialty are critical of conceptualizations of governmental regulatory intervention as being motivated to protect public good. Often cited articles include Bernstein (1955), Huntington (1952), Laffont & Tirole (1991), and Levine & Forrence (1990). The theory of regulatory capture is associated with Nobel laureate economist George Stigler,[6] one of its major developers.[7]
Likelihood of regulatory capture is a risk to which an agency is exposed by its very nature.[8] This suggests that a regulatory agency should be protected from outside influence as much as possible. Alternatively, it may be better to not create a given agency at all lest the agency become victim, in which case it may serve its regulated subjects rather than those whom the agency was designed to protect. A captured regulatory agency is often worse than no regulation, because it wields the authority of government. However, increased transparency of the agency may mitigate the effects of capture. Recent evidence suggests that, even in mature democracies with high levels of transparency and media freedom, more extensive and complex regulatory environments are associated with higher levels of corruption (including regulatory capture).[9]
https://en.m.wikipedia.org/wiki/Regulatory_capture
In politics, the “revolving door” is a movement of personnel between roles as legislators and regulators, on one hand, and members of the industries affected by the legislation and regulation, on the other.[note 1] It has also been used to refer to the constant switching and ousting of political leaders from offices such as the Prime Minister of Australia and Japan.
In some cases, the roles are performed in sequence, but in certain circumstances they may be performed at the same time. Political analysts claim that an unhealthy relationship can develop between the private sector and government, based on the granting of reciprocated privileges to the detriment of the nation, and can lead to regulatory capture.
https://en.m.wikipedia.org/wiki/Revolvi … _(politics)
