Regulation is the hardest and most important job of the state.
Regulation is HARD. Too much and you stifle progress. Too little and things break. Even if you do the right amount if you do it wrong you get ...
Perverse incentives and disincentives.
Ballooning complexities that suck the system dry through costs of just running the system.
And then you got to stay on top of the regulatory agencies themselves. Watch out for corruption, regulatory capture, or mission lock. Mission lock is the "too much of a good thing" phenomenon where workers in an agency believe in their mission so much that they start trampling on the work of other agencies or parts of the nation in support of their local locked in goals.
The regulatory structure we are most familiar with is the driving transportation system. Most of us use it and deal with it daily. But there's a hundred other regulatory systems our nation relies on. With effects good and ill extending from the quietest bedroom to the busiest corporate office.
I wish people would stop falling into the two camps **regulation bad** and **yay make more regulations**. I wish people saw it as the civilization critical art form it is. Really studied it and gave it hard thought. Especially with AI about to hit it like a Mack truck.