I generally like this, but there's another risk to keep in mind: Purposefully over-regulating to such a degree that only the existing behemoths can survive and

I generally like this, but there's another risk to keep in mind: Purposefully over-regulating to such a degree that only the existing behemoths can survive and no startup could reasonably navigate the costly labyrinth of policies in that sector. I think California has been doing OK recently in creating tiers of companies based on employee size and applying varying degrees of requirements based on that.