Self interested lobbying is different to regulatory capture.
Even Wikipedia says:
Regulatory capture is a form of political corruption that occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or special concerns of interest groups that dominate the industry or sector it is charged with regulating.
I don't think I could say it better. Regulatory capture is different to lobbying because the regulatory agencies act in the interest of the company instead of the public. Lobbying is when the company puts forward its own interest.
Even Wikipedia says:
Regulatory capture is a form of political corruption that occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or special concerns of interest groups that dominate the industry or sector it is charged with regulating.
I don't think I could say it better. Regulatory capture is different to lobbying because the regulatory agencies act in the interest of the company instead of the public. Lobbying is when the company puts forward its own interest.
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