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I don't understand what is the uproar about regulation.

Regulations are there because companies will do whatever gives them more money, damn the impact on the environment/people/anything else.

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That's the upside of regulation, yes. The downside of regulation is that it makes everything terrible in different ways. FRA regulations is why the U.S. can't buy ready-made trainsets from Europe for a fraction of the cost. Housing regulations increase prices and become a vehicle for propping up property values. A lot of the things hipster millennials care about (e.g. walkable cities dense neighborhoods, fiber internet, affordable housing, public transit) are directly prohibited by regulations.

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