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I think that's exactly the point: direct control and heavy regulation are two different things. This in-between fairyland with artificial barriers to entry on

I think that's exactly the point: direct control and heavy regulation are two different things. This in-between fairyland with artificial barriers to entry on the frontend but no control on the back end is what's creating these captive markets where old companies to do almost anything because new companies can't join the market.

chillacy 8y ago
To add to that point, because the government guarantees things that it has no control over, it means the businesses in these industries have the best risk/reward ratio possible: no risk for unlimited upside, because the risk is taken care of by taxpayers.