Banks are probably the worst example you could have given. There were ~12,500 banks in the US as recently as 1990 (when the population was much smaller than it

Banks are probably the worst example you could have given. There were ~12,500 banks in the US as recently as 1990 (when the population was much smaller than it is today!) Since the regulations that were passed following the great financial crisis, almost zero new banks have been founded. https://ilsr.org/number-of-new-banks-created-by-year-1993-to-2013/ https://ilsr.org/number-of-new-banks-created-by-year-1993-to...