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> left to bureaucrats making best guesses, without any particular agenda.

That's incredibly naive. Bureaucracies have agendas either intentionally (political appointments) or organically.

The corruption may be more brazen and direct under Trump but the incentives have always been there

Usually industry insiders just switch jobs directly into the bureaucracy writing the laws?

There is a revolving door between industry and bureaucracy, true. There is a problem with getting qualified people who are not conflicted financially and who are not bound by preconceptions. This problem is not particularly tractable, but granting all the decisions to the leader can only make it worse.

Granting the powers to either is also an option, and a reasonable one in my opinion if our two options are granting decisions to those using the revolving door or the one person at the top (regardless of who that person is).

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