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I don't agree that some regulations give players an undue advantage.
I actually think the norm is more often the opposite of that.
Regulations ensure a level playing field (or, at least attempt to equalize one's chances of operating within the market). They create an essential benchmark that other's can compete against.
US citizens seem to believe that a meritocratic society demands us to do our best that everyone fends for his or herself.
I think that a meritocratic society is more accurately described as a society that ensures the independant variable for success is one's merit--not structural (dis)advantages one encounters in his or her life. Just like the science we rely on so heavily for answers, the controlling agent must minimize or eradicate extraneous variables in order to observe the variable being measured.
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"The theory of a free press is that truth will emerge from free discussion, not that it will be presented perfectly and instantly in any one account." -- Walter Lippmann
"You measure democracy by the freedom it gives its dissidents, not the freedom it gives its assimilated conformists." -- Abbie Hoffman
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