[exelius]

This article makes an assumption that regulation is a tool used to protect consumers. While the rhetoric may be to make it sound that way, most regulation exists to protect incumbents who stand to lose money. This is just how governments have always worked; which is why driving accountability in government is so hard.

[maxmax]

When incumbents have invested capital specifically to comply with regulations, it makes sense that the incumbents will demand that the regulations are applied equitably.

Regulators tend to be held highly accountable to the community they regulate.