regulatory capture at the mms
Submit a 1000 word (maximum) essay that addresses the following questions:
- In what ways did private businesses seek to shape regulatory initiatives and policy at the MMS to serve their own interests?
- What factors within the Department of the Interior, generally, and the MMS, specifically, led to the outcomes that the Inspector General uncovers?
- What does this story suggest about the possibility for regulatory capture in agencies?
- What changes or new procedures would you recommend be implemented to prevent future cases of regulatory capture in other agencies?
References:
“Investigative Report of Gregory W. Smith (Redacted)â€
Retrieved from: http://online.wsj.com/public/resources/documents/Interiorreport2-20080910.pdf