[smsm42]

> larger bureaucracy is harder to regulatorily capture

The example of US federal government does not exactly support this point.

[hx87]

It does when you compare it to state and municipal governments.

[smsm42]

I don't see any indication federal government is more resistant to regulatory capture than state government. It may be more expensive, but the numbers are still don't even breach 1% of potential profits, and capturing one federal regulator is much better and easier than capturing fifty+ state ones or ten thousand local ones...