The result is collectivism and cronyism, both of which are the enemies of liberty.
All true, but you left out the part where, after the rules are final, lawsuits challenging the rules are then brought in federal court, allowing the judiciary in on the action as well.
You're right and that was a big oversight on my part.
In fact this is where the leftists often post their biggest gains.
The rulemaking strikes a certain balance between the leftists and the industry cronies. Then the leftists sue and some 'Rat-appointed judge gives them another bite out of industry's butt, AND awards the leftists buckets of money in attorney's fees to be paid by taxpayers.
It's quite a lucrative and effective scam, really.