The best way to keep out competition is to create barriers to entry. The onslaught of new laws and new regulations in any industry is the perfect barrier.
Think about it, how many startups can afford to hire a compliance staff that ensures they are keeping up with all the laws and regulations passed?
Look at how many pages were added to the Federal Register in the US last year, I think in total there was something like 60,000 pages.
Think about it, how many startups can afford to hire a compliance staff that ensures they are keeping up with all the laws and regulations passed?
Look at how many pages were added to the Federal Register in the US last year, I think in total there was something like 60,000 pages.