Many of our institutions suffer from regulatory capture and it's been going on since the 80s - coinciding with the rise of monopolies/neoliberalism. But if you use the term 'captured' to describe the FDA or USPTO for e.g, some think it's unfair. The evidence suggests otherwise.https://twitter.com/NicholasFlorko/status/1409871864403533826 …
Billionaires and huge corporations own both major parties in DC. In that sense the entire US Gov. has suffered regulatory capture. The folks who most need to be regulated and taxed literally own the Federal apparatus of government in DC. The rot runs all the way to the roots.