To be clear, regulatory capture is when the regulator advances the interests of the industry rather than of the public. Revolving door is a separate issue.
There's an interesting argument that the revolving door actually prevents regulatory capture through encouraging regulators to be more strict. The idea is that the more onerous the regulations, the more desireable it is for corporations to hire former regulators who know the system. "Keep your friends close, and your enemies closer."
There's an interesting argument that the revolving door actually prevents regulatory capture through encouraging regulators to be more strict. The idea is that the more onerous the regulations, the more desireable it is for corporations to hire former regulators who know the system. "Keep your friends close, and your enemies closer."
Matt Levine's take on it: https://www.bloomberg.com/view/articles/2014-06-26/strict-re...