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.
Response
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.