The Future of the Captured State
The extreme free-market view of finance gained less traction in Europe than it did in the US in recent decades (with the exception of the United Kingdom). But the challenges of implementing effective regulatory reforms in Europe are actually more difficult.
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WASHINGTON, DC – Concerns about state capture are nothing new. Special interests hold undue sway over official decision-makers in many countries, and regulators are always prone to see the world through the eyes of the people whose activities they are supposed to oversee. But the rise of finance in industrialized countries has cast these issues in a new, much harsher light.