[xela79]

> Competition, fortunately

so there's no competition when there are no rules and regulations... ? interesting.

all those sports without rules or regulations, like american football where anything goes.

[zild3d]

huh? I'm saying adding rules and regulations reduces competition yes, by definition it adds barriers to entry. We can argue how high those barriers ought to be.

Highly regulated industries: healthcare, banking, aviation

Less regulated industries: web software, e-commerce, entertainment

It is easier for startups to get started in the latter, harder in the former.