It's not wholly a good or bad thing. It's a complex thing, with large secondary effects that people habitually overlook. One typical effect of increasing any k

It's not wholly a good or bad thing. It's a complex thing, with large secondary effects that people habitually overlook. One typical effect of increasing any kind of regulation is that large incumbents tend to benefit disproportionately compared to small operators and newcomers, for several reasons: (1) larger operations can amortise compliance costs more easily; (2) larger operations legitimately contain people with useful expertise in helping government decide the shape of the regulations (and will propose kinds of regulation that correspond as far as possible to their own existing practices, and to practices that competitors would find costly to implement); (3) larger operations have the wherewithal to lobby for regulations that are to their benefit and to competitors' detriment, irrespective of how good those regulations are for other stakeholders. (2) and (3) together lead towards regulatory capture, at which point the regulations are almost purely a drain on all other participants with no upside.