>>1599 (OP)
I really dont know what to say. You obviously understand Regulatory Capture. Large institutions use regulations as a moat to destroy competition. But why make products worse instead of better? When few massive corporations control the entire market because regulations killed their competitors, they have no incentive to make good products. They can make things cheaper, shittier, and more expensive because you have nowhere else to go. Now, I have a theory about the regulatory/bureaucratic aspect as well. I call it the midwit takeover of bureaucracy. So not only will they do everything they can to justify their existence to protect their jobs, but they always want to add and increase controls in order to "do good and make the world better". I always think this is the part that isn't discussed enough. If we are dealing with Regulatory Capture in the marketplace, we are dealing with Midwit Ideological Capture in the bureaucratic world.
Now, I think the Midwit Ideological Capture is worse because it punishes (in order to protect itself, which means the people protecting their jobs) spontaneous organization. I call it the "lads digging a hole theory". You see a young lad digging a while, and other lads will just join in, and its like they spontaneously understand what is being done, what the method is, and they begin accomplishing things. Good fun. Well, if a group of lads tried to dig a massive hole on a public beach, they'd likely be shut down by a local council for lacking a permit, audited for environmental impact, or criticized on social media.
It's like the high-agency society that allows spontaneous organization, which can develop high quality alternatives to the giant corporations, is getting crushed under the bureaucracy/governing class, not only to protect the corporations, but I think it is actually to protect themselves. Because the single biggest threat to any government/agency/authority is people acting without their approval. It makes them unnecessary, which means people could lose their jobs. Essentially, you have Midwit pushing through rules and regulations to "make the world a better place" and absolutely destroying anyone acting without his approval, because he needs to protect his job (bureaucratic defense mechanism).
Solutions? I'll have a think about that while I do some chores. If I think of any, I will post them.