Elon Bachman on Regulatory Capture

Mr. Bachman is a frequent tweeter (@ElonSays).  He is often critical of his nom-de-boondoggle Elon Musk.  But, oddly, he also knows about the market for electrical cables.

As I type this I am surrounded by cables.  RJ-45, USB, all manner of Apple charging cables, the list goes on and on.  Let’s not even get into the audio-video realm where the problems are those of the computer sector to the tenth power.

Forthwith, I give you Mr. Backman’s thoughts on the electrical cable industry, rent-seeking, and regulatory capture.  I will note, however, that the optimal quantity of electrical safety is not 100 percent safe.

Bachman on rent seeking

 

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.