original_query: What is regulatory capture and how does it relate to corruption of authority?
query: What is regulatory capture and how does it relate to corruption of authority?
answer: Regulatory capture is a form of corruption where a political entity, policymaker, or regulator is influenced to serve the interests of a small group (industry, profession etc.) rather than the public good. This prioritization of special interests over public interest constitutes a loss for society and is related to rent-seeking and political failure.