[jostylr]

It is even worse. It has been captured from for the past 120 years or so. The railroad companies tried to manage their own collusion, but repeatedly failed. So they helped farmers to get Congress to regulate the railroads with the ICC. Very shortly, the railroads had their people doing the regulation which very effectively managed the rates to eliminate discounts and other means of competition. With the end of such competition and stabilization provided by the government, it is easy for a big entity to take over and thrive.

They even got it to take control of the trucking industry for decades, mandating such things as being able to only have the truck full in one direction.

A government run legal system is just as ineffective as any of the other government run systems. The hope is nimble, private arbitration. Trust needs to be built up and reputations paid attention to.