Incumbents love regulation as a barrier to entry. Doesn’t have to be Byzantine, just that extra 5% tax that combines with scale economies to make new entrants u

Incumbents love regulation as a barrier to entry. Doesn’t have to be Byzantine, just that extra 5% tax that combines with scale economies to make new entrants unviable. I’ve always thought RtR enthusiasts would be surprised when they finally caught the car. And here we are.