"Regulatory theater" with many laws, almost no money for enforcement, and small penalties that are never updated for inflation seems very common to me. Fewer,

"Regulatory theater" with many laws, almost no money for enforcement, and small penalties that are never updated for inflation seems very common to me. Fewer, well-chosen regulations with very strong penalties that easily pay for strict enforcement activity - that's much rarer; and I'm cynical enough about how gets to influence lawmakers, that I know why that is.