Collusive Regulation
Bruce Yandle discusses the concept of "Bootleggers and Baptists" in regulation, where self-interested individuals and morally-driven advocates form an unlikely alliance. He explores how this theory applies to various historical examples, such as the English Factory Acts and the push for safer food in the early 1900s. Yandle highlights the role of moral cover and the public interest in shaping regulatory decisions.In this clip
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Bruce Yandle on Bootleggers and Baptists
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