Page "Crony capitalism" Paragraph 9
from
Wikipedia
More direct government involvement can lead to specific areas of crony capitalism, even if the economy as a whole may be healthy.
However, the members of an industry have a very strong interest in the actions of a regulatory body, while the rest of the citizenry are only lightly affected.
As a result, it is not uncommon for current industry players to gain control of the " watchdog " and use it against competitors.
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