Poor and complicit regulation is not much better than no regulation at all. Deregulation does not necessarily mean that suddenly all rules and regulations are r

Poor and complicit regulation is not much better than no regulation at all. Deregulation does not necessarily mean that suddenly all rules and regulations are removed. It may also mean making the rules more and more lax, to the point that breaking the rule is no longer needed. On the other hand limiting resources of the regulator can also be very effective as a mean of deregulation. The fact that there are some poor and rarely enforced rules does not constitute regulation. On paper things may look as they are regulated, but in practice it may be a whole different story.