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Mental models, decoded from real events
See the hidden forces behind the events that shaped the world — and build a mind that spots them everywhere.
The very act of creating a regulator creates a target for capture — the more specialized the regulator, the fewer people understand its domain, and the more dependent it becomes on the industry for expertise. This means well-intentioned regulation can paradoxically strengthen the incumbents it was meant to constrain, turning the referee into a player on the team.
See the hidden forces behind the events that shaped the world — and build a mind that spots them everywhere.