The notion that regulated industry members themselves, sooner or later, are able to control regulatory bodies is referred to as

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The notion that regulated industry members themselves, sooner or later, are able to control regulatory bodies is referred to as the capture theory. This theory suggests that regulatory agencies become too closely aligned with the interests of the industry they are meant to regulate, leading to a lack of impartiality and effective enforcement.

The Notion That Regulated Industry Members Themselves, Sooner or Later