There's a swath of people who have adopted the position that it's best to let industry be the primary agent of regulation, largely for ideological political reasons. As we saw with the MAX debacle, such a position is foolish, as companies will always be cravenly willing to cut corners in the interest of short term profits.
This is one of the biggest political changes I've gone through. In my early 20s I was much more sympathetic to what I'd now call naive libertarianism. Today I realize there's no magic bullet, and you need healthy leadership in both the private and public spheres. Ideally the two buttress each other against their individual flaws. However in the US the process of regulatory capture has hijacked this ideal.
We won't be able to fix it unless we vote in politicians who see this as a top priority. We get the quality of government we ask for.