This "broad pattern of unaccountable decision making", also called permissionless innovation, is the reason why America has a culture of innovation. For those unaware, the United States runs on what I call "Air Bud rules", named for this scene from the children's movie.[0] To summarize, as long as there isn't a rule forbidding you from doing something, you can do it. While I applaud his personal stance on refusing to…
I'll take your permissionless innovation and raise you 8 million tons of plastic garbage going into the oceans every year[1], a depleted Ozone layer, black lung, asbestos, and unbreathable air. (Not to mention global warming--egad!) The problem is that industry "permissionlessly innovates" and because profitable innovations flourish in the marketplace, the system blindly scales bad ideas to global proportions, and only after we've accumulated massive debt do we try restrict their actions with feeble legislation which is roundly shouted down by deniers funded by the profits of those industries and poo-pooed by corrupt legislators beholden to their financiers.
You see why there might be some systemic problems with this default setting?
We need to jettison this idea that companies get to do whatever they want "because it's for the economy!" and only later do we reign them in when they've inevitably wrecked something that we only recognize is important in hindsight.
[1] Who knows, maybe some might come back with "oh it's those dirty trash monkeys in India and Indonesia who can't be good and put their garbage in a hole like we do". To that: yeah, the problem is we didn't innovate and scale the economy hard enough to save the planet. Right. Meanwhile, who thought it up? Who sold them all those damn coke bottles and chip bags?