[tc]

Speaking as just one person in this field, every new regulation makes me reconsider my desire to be in the industry.

It doesn't so much even matter who the regulations favor. It's that at some point, after spending countless hours with lawyers, filing government paperwork, and fretting about current and future regulatory issues, you really begin to see your customers as being politicians and regulators rather than the people who pay you for service.

Which is all to say that, I believe, if you regulate enough, you will get the monopolies that you fear.

[niels_olson]

If you want to see what happens in the absence of regulation, look at the healthcare industry.