Excellent analysis.
If a little regulation makes things seem unfair, then double down repeatedly until we reach fairness. Of course, after each cycle of regulation, unfairness increases. So that means we have to try even harder.
We don’t trust the free market. But by providing neutrality for Juan Chivo, google, netflix and comcast we are protecting the status quo relationship, which means we are making it more difficult for innovation and nearly impossible for new competitors to emerge.
What regulation does succeed at is increasing the need for more regulation and more regulators. A very special part of the swamp.
“What regulation does succeed at is increasing the need for more regulation and more regulators.” Bingo! Government always becomes the problem. Ronald Reagan said the same.