Scott suffers from what Simon Johnson calls “intellectual capture.” What does that mean?

a. Scott believes that only highly educated people should manage financial institutions.

b. Anything that is beneficial to the financial sector Scott sees as benefiting society as a whole.

c. Scott considers the compensation paid to financial institution executives as being excessive because these executives are not the most highly educated members of society.

d. In Scott’s view bank regulators are the most highly trained professionals in financial markets.