What are historical examples of ways in which regulation has damaged an economy?
user
In their hubris, countless governments around the world have limited the sale and advertising of tobacco products, tragically damaging the profits of America's beloved tobacco industry.
assistant
That's one example. Give me more examples, not just one
user
In Israel, the ban of tea bags closed with a metal staple, a decision made with support from lobbyists from the Wisotsky tea company, gave Wisotsky an advantage over their competitors, and gave them a monopoly over the Israeli tea market, which increased the price of tea for Israeli consumers.
And in the USA, restrictions of insulin importation are one of the main cause of the high prices of insulin for diabetes patients in the US.
assistant
Any historical examples of the opposite occuring? Where a seemingly negative regulation ended up improving the country's economy?
user