American infrastructure, and a lot of other vital institutions, are in poor shape because waste is highly profitable. Oddly enough, it seems that the more regu

American infrastructure, and a lot of other vital institutions, are in poor shape because waste is highly profitable. Oddly enough, it seems that the more regulated a state is, the more profitable that waste becomes. This isn't to say that some regulation isn't beneficial; for example, the work done by organizations like the FDA and OSHA mostly very good things. But at the same time, we can see plenty of examples of how well-meaning regulation has backfired horribly for the nation: CBOs driving up the cost of healthcare, lowest-bidder laws resulting in dogfood-reject-grade food for kids and the elderly, and the utter nightmare that is trying to build anything in California. The question is not whether or not to regulate, but how to build and implement regulations that are loose enough to allow creative solutions to flourish, while at the same time limiting the impact of malicious or incompetent actors?