> is not only irresponsible, but also impractical; it takes decades to implement regulatory changes and switching is very expensive.
But perhaps this latency is itself a problem that should be solved? I understand that there are good reasons for regulation to be a slow process, but it doesn't have to (and probably shouldn't!) take decades to iterate on.
And if regulation could iterate faster, some of your objections to the approach go away, do they not? This would also come with the added benefit of reducing the efficacy of regulatory capture.
But perhaps this latency is itself a problem that should be solved? I understand that there are good reasons for regulation to be a slow process, but it doesn't have to (and probably shouldn't!) take decades to iterate on.
And if regulation could iterate faster, some of your objections to the approach go away, do they not? This would also come with the added benefit of reducing the efficacy of regulatory capture.