Regulatory capture is a phenomenon in which regulatory agencies, tasked with overseeing industries or sectors in the public interest, become influenced or controlled by the entities they are supposed to regulate. It occurs when regulated industries or special interest groups exert undue influence through lobbying, political contributions, revolving doors, or other means, leading to policies and regulations that favor their interests over the broader public interest.
When the referees join the players 🎮🏛️ Regulators act infavor of the industries they oversee.
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