Capture (politics)

From Wikipedia, the free encyclopedia

Jump to: navigation, search

In public choice theory and political science, capture is said to occur when bureaucrats or politicians, who are supposed be acting in the public interest, end up acting systematically to favor particular vested interests. The theory of capture is associated with the Nobel laureate economist George Stigler, one of its main developers.

Public choice theory holds that capture is inevitable, because vested interests have a concentrated financial stake in the outcomes of political decisions, thus ensuring that they will find means—direct or indirect—to capture decision makers.

While this inevitablist application of rational choice theory appears to some as excessively pessimistic about government, others claim to have observed capture.

An alternative theory states that capture actually takes place in the opposite direction, as governments use the privileges bestowed on certain interest groups as an excuse to control them and force them to serve the aims of politicians and bureaucrats.

Others still contend that the above is overly optimistic, stating that no one actually benefits from political redistribution, since competition must eventually eliminate every profit from political activity and the completely unproductive efforts people must make to get their share of the loot eventually absorb most of the rent and the redistributed wealth is actually lost for everyone.

Finally, yet others accept Stigler's theory of regulatory capture and expand it. Jon Hanson and his co-authors agree that regulatory agencies can be captured by powerful corporate interests, and argue that all institutions, from the media to academia to popular culture, can be captured by powerful corporate interests, a phenomenon they call "deep capture."

  • Jon Hanson & David Yosifon, The Situation: An Introduction to the Situational Character, Critical Realism, Power Economics, and Deep Capture, 152 U. Pa. L. Rev. 129 (2003).
Advanced Search
Included Web Search Engines


Safe Search

close

Top Matching Results

Occasionally Search.com will highlight specialized results that are based on the context of your query. Examples of specialized results include specific links to news, images, or video.

Top Matching Results may highlight information from other Search.com pages, content from the CNET Network of sites, or third party content. The listings are based purely on relevance. Search.com does not receive payment for listings in this section but our partners that provide this data may get paid for listing these products.

Sponsored Links

This section contains paid listings which have been purchased by companies that want to have their sites appear for specific search terms and related content. These listings are administered, sorted and maintained by a third party and are not endorsed by Search.com.

Search Results

Search.com sends your search query to several search engines at one time and integrates the results into one list which has been sorted by relevance using Search.com's proprietary algorithm. You can customize the list of search engines included in your metasearch from the preferences.

The search engines that are used in your metasearch may allow companies to pay to have their Web sites included within the results. To view the Paid Inclusion policy for a specific search engine, please visit their Web site. Search.com does not accept payment or share revenue with any search engine partner for listings in this section.