> these monopoly/olipolyies actors can amass massive war chests that make them become bigger than the regulator.
Bigger than the POTUS? And why wasn't the previous Clinton administration captured?
But it's actually quite clear from the article that the regulators are not politicians:
> In a modern society, that third party is an expert regulator who investigates or anticipates problems in their area of expertise and then makes rules designed to solve these problems.
> To make these rules, the regulator convenes a truth-seeking exercise
> the regulator—who is a neutral expert, required to recuse themselves if they have conflicts—makes a rule, citing the evidence on which the rule is based.