The problem of regulators becoming captives of the regulated is not new. It’s the idea that a regulator is basically an instrument of the industry it’s meant to regulate. Former Alberta Liberal leader Kevin Taft wrote about it in his book Oil’s Deep State. I see it all around us—in the National Energy Board approach to pipelines, for instance (though it says its decisions are based on evidence and not any predetermination), and in Nav Canada describing airlines as its clients.
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