The big issue here is Schneier is arguing for "smart regulation" or "Goldilocks regulation" - just the right amount of inefficiency in just the right industries

The big issue here is Schneier is arguing for "smart regulation" or "Goldilocks regulation" - just the right amount of inefficiency in just the right industries. But like old generals, regulations are usually there fighting the last war. There is talk of remving NYC zoning laws that demand certain square footage for bathrooms etc. But those regulations were put in place to halt spread of TB through slum dwellings. I think what I am saying is asking for better regulation is like saying something must be done. We agree, it it's the specific trade offs that matter - so don't ask for better regulation but a better environment to be informed about regulation - supply chain verification, direct democracy and so on. this is a meta problem Tim Bray quoted this a few days back but i e to see it on his blog.