Earlier quoted context omitted.
Well waddya know... Looks like sometimes regulations do work better than the invisible hand of the free market. Reality: the invisible hand is simply a fist made up of all members of a cartel.
The free market was working, in the sense that there are decent options which don't use egress fees as lock-in. The issue was that the invisible hand is too slow and involves too much chaos when strong network effects (and related lock-in) become involved. Such effects weaken the presumption that competitors can be easily switched to.
Plus, the egress fees were too damn high