If you agree that the current system of regulation is poor, and you wish to improve it, you must ask yourself whether the regulators have/will improve. There h

If you agree that the current system of regulation is poor, and you wish to improve it, you must ask yourself whether the regulators have/will improve. There has been no paradigm shift in regulation for a long time, and there is no reason to believe that the same regulators (or even different ones) acting under the same incentives will come up with more efficient or effective regulations, though they may come up with more numerous or novel rules.