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Peter Thiel spent $15 million electing J.D. Vance to the Senate in 2022, more than most presidential primary campaigns. Which economic principle explains why this investment made rational sense for Thiel?

Explanation

Regulatory capture is rational economic calculation: spending $15 million to install a friendly senator costs far less than decades of compliance expenses. Industry invests in politicians like capital...

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This question is part of Environmental groups sue over secret climate report. 5 more questions available.