"Regulatory capture isn't automatic: it's what you get when companies are bigger than governments.

"If you want small governments, in other words, you need small companies. Even if you think the only role for the state is in enforcing contracts, the state needs to be more powerful than the companies issuing those contracts. The bigger the companies are, the bigger the government has to be."

from @pluralistic

https://pluralistic.net/2023/08/05/any-metric-becomes-a-target/