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Why You Can't Braid Someone's Hair In Utah For Money Without First Paying $16k

The common wisdom that you'll often hear is that industries hate regulations, and would prefer deregulation. And, in certain areas that's definitely true. But, in others, industries want regulation -- but not for a good reason. It's because legacy players realize two things: (1) they can often "control" the regulatory process (hello regulatory capture) to twist it to their own advantage and (2) it's a really handy way to limit competition. We just recently wrote about some of the more

Read more: Techdirt.