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"Regulatory capture" hits that sweet spot of being easy to grasp, somewhat smart, and sufficiently cynical.

But while it is definitely a valid concern, and probably applicable to energy markets, it is unlikely to be the single reason for any and every problem with energy markets and production.

Using it as a highbrow euphemism for "corruption" probably causes more harm than it is useful: it gives license to ignore actual technical problems and the painstaking search for solutions, opting instead for an all-encompassing, nihilistic, and cynical narrative where nothing really can be done, except trying to tear down ever more existing institutions.

I also don't quite understand how storage systems are supposed to bypass problems arising from "regulatory capture". If incumbents get to write the rules in their favour, they could just as easily keep newcomers using storage out of the market as those without.

I really appreciate your comment but I think another element we need to consider is what type of leadership is going to force change.

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