[ashelmire]

Did you miss the part where the individual you responded to said "Regulations aren’t set in stone forever, either, and a functional legislative body can always modify and update them as their effects become more well known."?

There is over regulation in some areas, but lets be real: it's already extremely difficult to break into existing sectors, just as a result of industrialization, brand recognition, etc. The idea of the scrappy upstart is overwhelmingly a fantasy. This regulation won't prevent any businesses worth forming from getting underway, in my opinion.