It appears to me that we are entering a new era where freedom is in full retreat against the forces of regulation and control.
I believe that regulation is coming. Regulation always has the effect of creating barriers to market entry, forcing small companies to fail and preventing new companies from entering the marketplace. This can be an enormous benefit to large companies. Unfortunately, it makes them very unresponsive to customer desires. It slows (or stops) the improvements in existing products and services and has the same effect on the introduction of new products and services.
National regulation in a global economy will be a big different though. Because global regulation cannot be effectively enforced by national regulator, it may give an economic advantage to nations which do not attempt to create and enforce such regulation.
This may be a huge gift from President Obama to the nation of India.