[rayiner]

Regulation puts you between a rock and a hard place: regulators are either people without industry experience who don't understand the relevant dynamics (e.g. GDPR, SESTA, SOPA) or people with industry experience who have incentives or predispositions towards favoring the industry.

The best solution to that is simply to regulate as little as necessary, and leave as much up to the market as possible. A good example is infrastructure and utility deregulation in the U.S. and western Europe in the 1980s-1990s. There was a time when government regulators would set, e.g. prices for electricity. Today, electric markets are mostly deregulated, with only distribution utilities remaining as regulated monopolies.