No, the problem with industry general is that it is tightly interwoven with politics and naturally tries to find loopholes in any regulatory system. The question is, given that the regulatory approach is not perfect, which one has still more benefits for the consumer.

* a new pesticide enters the market. After three years we find out that it kills bees and would lead to the death of a species.

Germans usually would want that some independent upfront effort is done to determine that this product is potentially harmful and prevent it from entering the market. In real life, this leads to all kinds of practical problems. But that does not mean we should give up this approach, just because it is not perfect.