In simpler terms, for any complaint you come up with, here's a regulation to fix it. Problem solved.
If the problem is a regulation, let's remove or modify that regulation. Problem solved.
If your problem is there are too many regulations, let's get rid of 20 of them and simplify down to just this one. Problem solved.
Oh, that simplification created its own problems? Let's create new regulations covering those three scenarios. Problem solved.
But if we are much slower at creating regulations than we are at creating new situations that require regulation, it creates the perception that regulations don't work, which leads to rapid de-regulation of everything. Our current legal and political framework simply wasn't designed for this. It was designed for 13 small colonies writing paper letters back and forth, where waiting 3 months for a court to make a decision or 1+ years for congress to pass a bill was considered quite timely and fine. We now live in a society where there is probably a need for 2-3 new regulations per day, and 1-2 adjustments to existing regulations, per day, and an AI chat bot that will tell you whether something is legal based on current regulations.
If the problem is a regulation, let's remove or modify that regulation. Problem solved.
If your problem is there are too many regulations, let's get rid of 20 of them and simplify down to just this one. Problem solved.
Oh, that simplification created its own problems? Let's create new regulations covering those three scenarios. Problem solved.
But if we are much slower at creating regulations than we are at creating new situations that require regulation, it creates the perception that regulations don't work, which leads to rapid de-regulation of everything. Our current legal and political framework simply wasn't designed for this. It was designed for 13 small colonies writing paper letters back and forth, where waiting 3 months for a court to make a decision or 1+ years for congress to pass a bill was considered quite timely and fine. We now live in a society where there is probably a need for 2-3 new regulations per day, and 1-2 adjustments to existing regulations, per day, and an AI chat bot that will tell you whether something is legal based on current regulations.