Earlier quoted context omitted.
It's not something I've dreamed up personally. Economists have done a lot of work in this area (Public Choice Theory) in the last 60 years. https://en.wikipedia.org/wiki/Regulatory_capture https://en.wikipedia.org/wiki/Public_choice Of course, my post above is sharpened and overgeneralized to fit in an online forum. There are more nuances. A current example in the news is Facebook asking congress to be regulated. Thi…
It sounds like you are dreaming of it tough. To make such a strong statement. It is like saying all corporations end up like Theranos or Enron eventually. Economists do a lot of research and disagree with each other violently. So I will not take your links as any proof that regulatory capture is an inevitable end. Yes it is concerning that it happens but there is absolutely no reason to believe it is the fate of all.
To be fair, Public Choice theory is certainly on the more controversial half of the subfields.
And of course you shouldn't blindly take some random post on this forum as complete proof of how the world works. That would be a foolish gullibility. Then again, completely rejecting it isn't the wisest thing either. At least that's my view :)