Is it possible that EPA, like any other bureaucracy, can incur some degree of Regulatory Capture?

[patrice]

Poll question: Is it possible that EPA, like any other bureaucracy, can incur some degree of Regulatory Capture?

Is it possible that the EPA, like any other bureaucracy, can incur some degree of Regulatory Capture and can, thus, be capable of writing poison-pill regulation, resulting in de-balled legal efforts?

http://content.govdelivery.com/attachments/USEOPWHPO/2011/09/02/file_attachments/56091/Letter.pdf

[The Wielding Truth]

1. Here are some deffinitions. I needed them to answer.

Regulatory Capture - happens when a regulatory agency, formed to act in the public's interest, eventually acts in ways that benefit the industry it is supposed to be regulating, rather than the public.

Read more: http://www.investopedia.com/terms/r/regulatory-capture.asp#ixzz1X6Ix7W59


Poison Pill Regulation- A regulation on - A strategy used by corporations to discourage hostile takeovers. With a poison pill, the target company attempts to make its stock less attractive to the acquirer. There are two types of poison pills:

1. A "flip-in" allows existing shareholders (except the acquirer) to buy more shares at a discount.

2. A "flip-over" allows stockholders to buy the acquirer's shares at a discounted price after the merger.

Read more: http://www.investopedia.com/terms/p/poisonpill.asp#ixzz1X6KCXwFu




De-balled -neutered


This is what I found to try to understand the legalese. Hope they are the correct meanings.

[patrice]

2. That's pretty much what I was asking. With the exception of "poison pill"

What I was thinking there is that regulations could be such a mess that they effectively kill the regulatory act in a legal morass, creating more fodder for un-necessary litigations than focus on necessary litigation and, hence, no solutions.

I don't see this sort of thing as necessarily being the result of polluters defining the regulations (though I'm sure they DO have their ways of influencing it), but more the result of bureaucratic entropy, e.g. not enough resources, people who hire people who hire other people, all of whom develop groupthink about problems and what they are doing and find themselves in environments that make it necessary to protect one another . . . that sort of thing.