Earlier quoted context omitted.
>Because the US chemical industry has been effectively unregulated for a century and can do whatever it pleases. And yet I bet if I look there's actually a ton of regulation. >Chemical A is found to be cancerous Chemical A is assumed to be cancerous by the state of California, you mean?
> And yet I bet if I look there's actually a ton of regulation. I'll bet a ton of that regulation is insufficient, and/or paid for, or even written by, the industry to make it harder for competitors or to allow them to increase their profits by cutting corners. Regulation isn't some on/off switch that always makes things better or worse. What matters is what those regulations are and who they serve.
Because Regulation might not be an on/off switch but Deregulation is a complete hard no for most people.