It might not be deep and profoundly insightful, but if it sets things up in such a way that it can credibly utter the phrase "properly designed regulation" then it's moving in the right direction.
In other words, properly designed regulation might not be a deep and profoundly insightful solution, but it might seem that way at first glance because our political discourse is so screwed up these days.
That's a really hard problem though. There are too many powerful interests, on too many sides, all trying to influence the regulations to give them a leg up.
The best regulations come as a balance of the competing interests. But that requires the different interests recognize each other as legitimate, or at least as needing to be met halfway as a practical matter. It can't be done in a scorched-earth atmosphere - all that can come out of that is regulation that is differently bad.
In other words, properly designed regulation might not be a deep and profoundly insightful solution, but it might seem that way at first glance because our political discourse is so screwed up these days.