The problem of regulatory capture has very little to do with regulatory-body agents and more to do with the governing body's rules being set by the groups with the greatest interest in them: the groups governed.
"Regulatory capture" describes a state of affairs. If it just meant the basic incentives common to all regulation ever, it would be a useless term. And it causes harm not based on the basic incentives just sitting there, but based on a specific state of affairs existing. To prevent the harm, therefore, anything will do as long as it stops a harmful state of affairs from happening.
A response essay written by Eliezer Yudkowsky posted at Cato Unbound for the issue Brain, Belief, and Politics:
Is That Your True Rejection? by Eliezer Yudkowsky
The lead essay has been written by Michael Shermer:
Liberty and Science by Michael Shermer