People vastly overestimate the ability of central planners to improve on the independent action of diverse individuals. What I've learned watching regulators is that they almost always make things worse. If regulators did nothing, the self-correcting mechanisms of the market would mitigate most problems with more finesse. And less cost.

No, They Can't: Why Government Fails-But Individuals Succeed (ed. Simon and Schuster, 2012) - ISBN: 9781451640960