Comment by freedomben

The truth is somewhere in the middle. Many regulations are terrible and serve as a huge hindrance to innovation, and effectively restrict certain things to only the already-massively-rich entrepreneurs. However, (IMHO) there are a lot of regulations that are important and absolutely should be enforced up front. Finding the right balance is kind of impossible, and I don't want to throw the baby out with the bathwater, but even well-intended regulations often just create roadblocks and cement incumbents in a particular space.