The Role of Regulators in Community Benefits

Regulatory capture theory says that regulators often end up benefiting the regulated. It's not because they're necessarily out and out corrupt, it's more insidious than that. The human capital of regulators is so industry specific, your future job opportunities are determined by keeping those doors open. So if you go too hard on the people you're supposed to be regulating, that might close off an opportunity down the track where you could work for them.