I’d add that recent deregulation (energy markets) & pre-regulation (like cryptocurrency) show that companies are remarkably fast & consistent in enacting proven

I’d add that recent deregulation (energy markets) & pre-regulation (like cryptocurrency) show that companies are remarkably fast & consistent in enacting proven, exploitive models. The idea that regulation is a burden on society is fanciful. What is burdensome is regulations that cannot be readily adapted. Unfortunately, popular myths like “regulation bad” is part of the reason regulators stay with policies they would much rather propose updating. Veteran regulators are quite eager to improve their frameworks. It is “politics” that prevents their evolution.