IoT has been ruined by lack of government involvement/companies using common standards. If I plug a device into power here, it must abide by electrical safety

IoT has been ruined by lack of government involvement/companies using common standards. If I plug a device into power here, it must abide by electrical safety standards in order to be sold. If I buy a phone or a laptop, consumers expect that it has wifi that works interchangeably with existing/other devices or it will not sell. I suppose these rules haven't been applied to IoT stuff simply because the market for it is so small. Technoshit not working together in a common way is what bugs me the most about living in 2024; companies only trying to make a profit and not create a shared platform that betters the consumer, even doing stuff specifically to make competition harder. We could have it so good!