The key is in finding the right regulatory balance

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Just look at the financial services industry. It is heavily regulated, with the regulatory touch get...

Just look at the financial services industry. It is heavily regulated, with the regulatory touch getting heavier by the day. Is this being done for the usual pro-competitive reason - to keep outrageous monopolies at bay? Most assuredly not. It exists to protect consumers from overly competitive salespeople, whose eagerness to meet their targets in a tough market often leads them to take unfair advantage of the ill-informed buyer. The usual response to the imbalance of negotiating power is to aim to give consumers more knowledge. But what if that simply is not feasible? When the (now form...