Regulatory capture – worse than no regulator at all.

‘Regulatory capture’ short-circuits transparency and accountability and is perhaps already better known in the UK as foxes running the henhouse, primarily by commodifying sovereign vulnerable citizens ie, children, elderly and unwell, for corporate profit.

phsothetruestory

The Parliamentary and Health Service Ombudsman (PHSO) is technically not a ‘regulator’ but it sits in the place of a regulator, holding public bodies to account. With just a 3% uphold rate from all complaints submitted in 2017/18 this is a body which ticks all the boxes for ‘regulatory capture’.  With a revolving door between the Ombudsman and the bodies under their remit, a lack of transparency and no public accountability the PHSO legitimises poor public services across government and the NHS whilst extending the stress of injustice for members of the public who make a complaint.

Article reblogged from MBN Market Business News

Regulatory Capture – Definition And Meaning

Regulatory capture occurs when a government’s regulatory agency, which was created in the public interest, ends up advancing the political or commercial concerns of the very people, companies or entities it is supposed to be regulating. Regulatory capture, in…

View original post 962 more words

This entry was posted in World by truthaholics. Bookmark the permalink.

About truthaholics

| Exposing Truth Behind Media Spin. Truth is not gossip. It's not sensational or even exciting. Truth's reality, fact. Truth's shocking, sad, horrific, frightening and deadly. Controversial issues discussed here so only for those able to digest Truth.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.