These industries usually get captured via regulation imposed by lobbyists of the biggest players, to make the barrier of entry more costly to keep out potential

These industries usually get captured via regulation imposed by lobbyists of the biggest players, to make the barrier of entry more costly to keep out potentially new entrants. I know a few taxi drivers who are medallion holders - which are now worthless - they of course have been put in a shit position, and the Cities don't particularly care anymore because whatever lobby structure that got the medallions in place to begin with basically no longer exists - they're not necessary to get today's lobbyist funded politicians into play, positions of power.