Chamath Palihapitiya(@chamath ):Over the past 100 years: The number of banks have gone from 28,000 to 4,500 The number of public companies in the US peaked ~8000 and has since shrunk to ~6000 Meanwhile the amount of regulation and regulatory agencies have exploded. Regulation, at the limit, strangles entrepreneurs, smaller businesses and public companies in favor of consolidators, large rollups and administrators. We need a regulatory reset.

2025.05.18 02:43

Over the past 100 years: The number of banks have gone from 28,000 to 4,500 The number of public companies in the US peaked ~8000 and has since shrunk to ~6000 Meanwhile the amount of regulation and regulatory agencies have exploded. Regulation, at the limit, strangles entrepreneurs, smaller businesses and public companies in favor of consolidators, large rollups and administrators. We need a regulatory reset.