The idea that regulated industries come to benefit from government regulation and regulators begin to represent the regulated is known as

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The capture theory posits that regulated industries eventually come to benefit from government regulation and regulators begin to represent the interests of the regulated, rather than the public interest they are meant to serve. This can lead to a cozy relationship between industry and regulators, often to the detriment of consumers or others who rely on the regulated industry. Corruption may play a role in this process, but it is not the central focus of the capture theory. The iron triangle and establishmentarianism are related concepts that describe the ways in which interest groups, bureaucrats, and politicians can come to have a mutually beneficial relationship, but they do not specifically focus on regulation as the key issue.

The Idea That Regulated Industries Come to Benefit from Government