This is where crony capitalism has bypassed these consequences in some industries (auto manufacturing and banking being prime examples) and made such outcomes similar to governmental outcomes, almost all of which stems from governmental regulations and bailouts.
Not some industries. All. We live in a heavily regulated world, and regulatory agencies and boards are always captured by the industries they represent. There's a difference in degree, yes, but it's a truism across all industries that regulations tend to favor the large, established companies and create barriers to new entrants. And that's not even considering the implicit bias when regulators look forward to a cushy job as a lobbyist or advisor in one of the companies they regulated, upon retirement. Or the bias inherent in special interests -- the companies in an industry have a vested interest in the things that affect their industry, so they'll spend money and work for years and decades to influence things in their direction. By contrast, legislators, regulators in general, and the public at large tend to focus on a few proud nails or egregious examples, and thus lose the long game of influence via incremental changes.
Crony capitalism is an inevitable result of heavy, obscure, and ever-changing laws and regulations, where the regulators, legislators and judges have a great deal of discretion when making the rules and rulings. The best way to minimize it is to reduce the number of rules, but even more importantly to make the rules transparent, stable, and have them consistently enforced. If the rules are clearly understood, the consequences are reliably enforced, and government officials can't make decisions that subtly favor one side or the other, then regulatory capture becomes much less of a competitive advantage, and companies will tend to focus on competing with each other instead of lobbying for favors.