I think this is an excellent summary, but I question the assertion that Solow's "monopoly rent" is equivalent to gain from regulation. That's certainly a porti

I think this is an excellent summary, but I question the assertion that Solow's "monopoly rent" is equivalent to gain from regulation. That's certainly a portion of rent, especially in intensely regulation-aided markets like cable service. However, I would argue that other anti-competitive forces like cost of market entry and brand loyalty (I'm looking at Apple) also generate 'rent', where that's defined as "profits beyond market efficiency". The regulatory landscape is certainly a major player in entry costs and market inefficiencies, but it's far from the only one. The labor to capital transfer, then, isn't solvable simply by correcting regulation-induced monopolies - it would require an attack on other forms of rent seeking as well.