> If you're opposed to regulatory capture, then you need to get rid of regulatory agencies.
This presumes that the unregulated results will be better. This may be the case, but doesn't automatically follow. An alternative is to watch carefully and object loudly when you see problems, ideally with structural supports to check agendas and realign incentives. Of course there will still be failures; they may or may not be worse or more frequent than in the deregulated case - I would expect this to vary substantially by field and particular systems involved.
> This presumes that the unregulated results will be better.
I'm not saying it would be better, I'm saying that if the goal is to get rid of regulatory capture (and that's your only goal), you need to get rid of the regulatory apparatus.
If you do have regulation, you need to accept that capture is a characteristic of it and design around that. It's engineering. If you use a particular type of metal for a pipe, it has advantages and disadvantages and you have to design around them. Just wishing for the perfect pipe doesn't get you anywhere.
This presumes that the unregulated results will be better. This may be the case, but doesn't automatically follow. An alternative is to watch carefully and object loudly when you see problems, ideally with structural supports to check agendas and realign incentives. Of course there will still be failures; they may or may not be worse or more frequent than in the deregulated case - I would expect this to vary substantially by field and particular systems involved.