Earlier quoted context omitted.
There are so many horror stories about academia waiting to come out. The way vulnerable people are exploited and mistreated in what is, in fact, a work environment; moral hazards and conflicts of interest everywhere; lots of untrustworthy research results and inability to reproduce research. Universities are big business and ought to be regulated just as much as any other big business
Can you expand on what regulations you feel are lacking and how you'd like to see them implemented?
Universities are rather analogous to sweatshops in how they operate and the economic reasons for doing so. And I suspect that, in much the same way, this state of affairs represents a sort of Nash equilibrium that cannot be significantly altered except by an outside force changing the rules of the game.