But at its best, government agencies are exactly that. It's free people in a free market learning from their mistakes and saying "well THAT sucked! Let's not d

But at its best, government agencies are exactly that. It's free people in a free market learning from their mistakes and saying "well THAT sucked! Let's not do THAT again!". But you know, more efficiently, as is the market's want - rather than re learning the same lesson over and over and over again, we write it down and codify it. Of course, that's regulations at their best. Regulations at their worst are pretty awful too! But given your post was about the very existence of regulations and their related agencies, I thought I'd offer a perspective :).