Earlier quoted context omitted.
I think the idea is that regulation always has unexpected side effects, some of which can be abused to actually do the perverse inverse of what they're intended to protect against. This is intuitive because regulation + law can really put a competitive barrier for established incumbents who (and arguably, they would be the target for lawsuits here) have resources to implement and comply with these regulations. The la…
On the flip side, the downsides of regulations don’t outweigh their utility. We don’t scrap seatbelt and airbag regulations just because they’ve had some unintended side effects. Regulations aren’t set in stone forever, either, and a functional legislative body can always modify and update them as their effects become more well known. Or, well, maybe I sound too idealistic. But...I think most of us can all agree that…
My only point is to support your case that it's not always idealistic to believe that some regulations, even ones that have been in place for decades, even with today's questionably functional government, can go away.