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This is what you term as Agency capture when the regulators are in cahoots ewith the regulated - an recent and egregious example is Boeing and FAA.
https://www.thebureauinvestigates.c...nvestment-in-secret-meeting-with-matt-hancock
“Hancock was eager to please, offering “a new beginning” for the government’s relationship with social media platforms. He offered to change the government’s approach from “threatening regulation to encouraging collaborative working to ensure legislation is proportionate and innovation-friendly”
https://www.thebureauinvestigates.c...nvestment-in-secret-meeting-with-matt-hancock
“Hancock was eager to please, offering “a new beginning” for the government’s relationship with social media platforms. He offered to change the government’s approach from “threatening regulation to encouraging collaborative working to ensure legislation is proportionate and innovation-friendly”