Trusters of government have been pouring on regulations since the 1990s. Here is a Washington Post story about the decline of American entrepreneurship.
Fewer business are launching. More are leaving, liquidating or dying. The average age of businesses is getting older (as young people stop starting businesses due to onerous licensing requirements).
Thus, the efforts of many government trusters to ‘fight the rich and powerful’ through business regulation have backfired. Small businesses are slowly fading, while long-established businesses are taking up a larger share of the economy.
