> I know that there’s a sort of Silicon Valley shorthand where regulation = regulatory capture = concentration of power, but I’ve always found this to be an overly simplified picture of the world.

To paraphrase Sinclair "It's difficult to make a man realize the issues with regulatory capture, if they're to be the benefactor of regulatory capture".

> A crude analogy is that the formal court system can sometimes feel stuffy and elitist, but it does a much better job of defending the rights of vulnerable individuals than the alternative, mob justice.

Not so sure. After all lack of the latter did help establish the current tech overlord rule.