White-collar enforcement is at an all time low: https://www.bloomberg.com/news/articles/2020-08-10/trump-ove...
This seems like a clear fact, and yet many will call you a conspiracy theorist for pointing out the obvious. It's probably a symptom of the tribalist aspect of red vs blue. People need to be de-programmed of the team sports to finally realize that their "side" is beholden to corporations and not the people. Only then will we see real action to criminalize white collar behavior.
Low regulations AND low government involvement.
So lots of people can build widgets. Companies that do a bad job find they have no customers.
New companies pop up, do a better job and things get cheaper and or better.
High regulations means that new companies need massive capital to enter the market. So much so that no one bothers.
When only 1 company builds a widget. Well odds are it’s going to be low quality and expensive.
Now this all has to balanced that you don’t massive unsafe planes flying around by companies that have no reputation to preserve.
Whoops, we took out the Golden Gate Bridge, again. We will go out of business and company mark 3 will try again
Huge natural barriers to competition.