The talk over regulation is a bit of a red herring. A lot of those phenomenons can be explained by the Baumol disease. See e.g. "why are the prices so damn hig

The talk over regulation is a bit of a red herring. A lot of those phenomenons can be explained by the Baumol disease. See e.g. "why are the prices so damn high" https://marginalrevolution.com/marginalrevolution/2019/05/why-are-the-prices-so-dmn-high.html https://marginalrevolution.com/marginalrevolution/2019/05/wh... > In approaching this question I had some ideas in mind. I assumed that regulation, bloat and bureaucracy, monopoly power and the Baumol effect would each explain some of what is going on. After looking at this in depth, however, my conclusion is that it’s almost all Baumol effect. That conclusion radically changes one’s evaluation of price increases and decreases over the long run and it changes what, if anything, one might try to do to address such price changes.