But the general argument applies to all regulation, yet we still have regulation. And Comcast's business was literally created by regulation: it is a municipal monopoly.
Your argument needs more nuance. Regulatory capture happens when no one in the general public is organized or invested enough to be part of the lobbying pool, or generally due to attrition caused by government corruption.
Your argument needs more nuance. Regulatory capture happens when no one in the general public is organized or invested enough to be part of the lobbying pool, or generally due to attrition caused by government corruption.