>>What happened in the world of atoms? Regulatory regimentation by centralized authorities. Just one of many examples: 5 percent of occupations required a lice

>>What happened in the world of atoms? Regulatory regimentation by centralized authorities. Just one of many examples: 5 percent of occupations required a license in 1950. Today, around 30 percent. In every sector, professional and industry groups have become adept at locking down the market by manufacturing consent for regulatory restrictions. See what the Hotel Lobby did to stem the disruptive potential of Airbnb: https://www.nytimes.com/2017/04/16/technology/inside-the-hotel-industrys-plan-to-combat-airbnb.html https://www.nytimes.com/2017/04/16/technology/inside-the-hot... In the housing market, the effect of mounting regulatory regimentation resulted in the US having an estimated 36 percent less GDP growth between 1964 and 2009: https://www.aeaweb.org/articles?id=10.1257/mac.20170388 https://www.aeaweb.org/articles?id=10.1257/mac.20170388