Regulatory Capture refers to the capture and corruption of regulatory agencies by the interests they are intended to regulate. The term ‘regulatory capture’ [has] a broad and a narrow interpretation. According to the broad interpretation, regulatory capture is the process through which special interests affect state intervention in any of its forms, which can include areas as diverse as the setting of taxes, the choice of foreign or monetary policy, or the legislation affecting R&D. According to the narrow interpretation, regulatory capture is specifically the process through which regulated monopolies end up manipulating the state agencies that are supposed to control them.