what I think needs to be taken away from this is that to fix areas were we think there is little competition which causes the conditions he sees is that we need to remove regulation which acts as a barrier to entry.
far too many business are protected by heavy regulatory burdens to the point that to enter into such the costs of compliance eat up any slack which reduces your ability to react.
I agree those barriers should be removed in the majority of cases, as in the majority they seem to be purely protection for already existing businesses.
However it is important to note that some of the areas with the least competition, most regulations, and highest compliance costs exist in such a state due at least in large part to honest safety concern. Aerospace and Medical are the two broad areas that have many facets that immediately come to my mind as falling into this category.
Just saying it is important to remember our goal is safely bettering the world, not simply being able to stand atop a burning pile of rubble and yell Anarchy. Although I believe that sounds like a lot of fun too.
far too many business are protected by heavy regulatory burdens to the point that to enter into such the costs of compliance eat up any slack which reduces your ability to react.