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There's no pendulum swing. It's just been more and more laws over time.Oh I am not disagreeing with that. Over-regulations is as big a problem as under-regulation. The problem is people often pendulum-swing from one extreme to the other, when what we need is a healthy balance. For example, I do not need the government telling me how much my toilet can flush, I need proper consumer laws that state a manufacturer must accurately tell me how much their toilet flushes and then let me decide how big I want my water bill to be (we are going to ignore many municipalities issue's with subsidized water costs and market distortion for the sake of simplicity).
The problem here is we have two entity's laws interacting in ways detrimental to the end consumer; The U.S. by and large has too much regulation, and China has much too little. And our fearless leader's refusal to recognize that issue and impose import sanctions against China leads to a false sense of confidence for most of our consumers when buying junk from over there. China uses this as an effective transfer of wealth from us to them, using that consumer expectation to drastically over-charge for cheap goods unfit for the claimed service, and denying any kind of liability when the consumer demands recompense for the fraud. As stated above China only takes action when our leaders threaten actual sanctions that will impact the profitability of their exports.
This is not how to run a healthy economy.