Highly regulated fields are not really a good target for entrepreneurs.
Those who’ve captured the regulators are incentivized to keep the system as byzantine and complex as possible; and regulators bend over backwards to satisfy incumbents’ demands in pursuit of revolving-door salaries.
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Highly regulated fields are not really a good target for entrepreneurs.
Those who’ve captured the regulators are incentivized to keep the system as byzantine and complex as possible; and regulators bend over backwards to satisfy incumbents’ demands in pursuit of revolving-door salaries.