[intended]

Inequality has generally gone down as time goes by.

Because regulations cut both ways. They stop bad actors and they stop innovators.

Innovators thrive at the start of an industry, later once its commoditized, its going to be driven by people who want to cut corners. See enshittification.

Regulations put a ceiling on harm by bad actors.

Either we need industries that do not obey such laws of physical reality and entropy, or we need to accomodate for the most probable occurrence efficiently.

You will always have examples of failures of these regulations, the measure of their efficiency is from the counterfactual losses and gains.