Should Greensboro’s City Council or Guilford County's Commissioners have the power to determine which local hotels succeed or fail?

The proposal of any new law or regulation which comes from [businessmen],
ought always to be listened to with great precaution, and ought never to be adopted
till after having been long and carefully examined,
not only with the most scrupulous, but with the most suspicious attention.

It comes from an order of men

whose interest is never exactly the same with that of the public,
who have generally an interest to deceive and even to oppress the public,
and who accordingly have, upon many occasions both deceived and oppressed it.

Adam Smith
Moral philosopher and Father of Modern Economics

What if City Council and the Commissioners

have already been bought by the business interrests?