New Stage in the Regulation of Global Public Goods: Regulatory Capitalism

dc.contributor.authorGulsen, Mustafa Alpin
dc.date.accessioned2026-01-24T12:29:26Z
dc.date.available2026-01-24T12:29:26Z
dc.date.issued2023
dc.departmentAlanya Alaaddin Keykubat Üniversitesi
dc.description.abstractThe theoretical abstract structure of the regulations emerges as a phenomenal reality, with the phenomenon of regulator capitalism. In this context, regulator capitalism refers to the transformation of the relationship between society and the state into a business-state relationship with a different division of labor structure. This indicates that global regulators play an active role in the provision of global public goods and services. In the study, the public organization model transformed by regulator capitalism is handled as a transition from bureaucracy to regulocracy. This failure of regulator capitalism is examined in the framework of the regulator capture in this study. While regulocracy refers to the social layer of the new system, which consists of experts and has universal solutions, the regulator capture states that the regulating companies will evolve into the regulator position after aAwhile. While this structure of regulatory capitalism reveals aAnew division of labor, it also obscures the accountability of public services between society and the state. Such ambiguity has caused representative democracy to be replaced by indirect representative democracy. AsAa result, the public sector has moved away from public financial management principles such as transparency and accountability.
dc.identifier.doi10.30784/epfad.1147699
dc.identifier.endpage101
dc.identifier.issn2587-151X
dc.identifier.issue1
dc.identifier.startpage83
dc.identifier.trdizinid1162427
dc.identifier.urihttps://doi.org/10.30784/epfad.1147699
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1162427
dc.identifier.urihttps://hdl.handle.net/20.500.12868/5346
dc.identifier.volume8
dc.identifier.wosWOS:001343458800005
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherEconomic And Financial Research Assoc - Efad
dc.relation.ispartofEkonomi Politika & Finans Arastirmalari Dergisi
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260121
dc.subjectPublic Good
dc.subjectRegulatory Capitalism
dc.subjectRegulocracy
dc.subjectRegulatory Capture
dc.titleNew Stage in the Regulation of Global Public Goods: Regulatory Capitalism
dc.typeArticle

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