When neoliberal economists began dismantling the regulatory state under Ronald Reagan (a process that has continued without interruption under every president, Republican and Democrat, since), they insisted that they weren’t so much concerned with regulation, but rather, regulatory capture.
Today, the phrase “regulatory capture” gets thrown around by people of all political persuasions, and is understood in a colloquial sense, meaning something like, “a regulator who is beholden to its industry and therefor makes bad regulations that run counter to the public interest.”
In 1977, my father, a computer scientist, brought home a teletype terminal (a keyboard and a printer, no screen) and an acoustic coupler (a box with two suction-cups that matched up with the speaker and mic on the receiver of a standard Bell phone), and he connected it to the DEC PDP minicomputer at the University of Toronto. I was seven years old. I was hooked.