> And I don't know of a single example where regulation created more competition.

Does antitrust fall under regulation? If yes, Standard Oil is a perfect example. If they had their way there would only oil company. Microsoft is another example. You still want to use Internet Explorer?

The regulation game is always a careful balance and govs should err on the less regulation side but regulation is a powerful instrument that protects customers and competition. It’s there to prevent a single company snowballing everyone else.