Back when I worked on the 757 stab trim gearbox, I certainly knew far more about it than the regulators. There was just no way they knew every detail of it like I did. I also did all the math on it, and I was never questioned about it by the regulators. They never asked me a single question about any of it.
> Business leaders always clamor for less regulation because they have big egos
They often clamor for more regulation for the purpose of making it very difficult for anyone to compete with them.
> Regulation also helps create a marketplace where you can focus on making better planes, not taking risks with people's lives to keep up with the other crazy competitors
That's a self-contradictory statement. Making better planes is how you compete successfully.