Why?
I suspect it's not much more than human nature.
Whoever's been in charge or responsible for anything, in my experience, will do all and sundry to cover, deflect and prevent any of the related failure fall upon their shoulders. They usually search for others to blame, and appear as victims themselves. It starts in families, is learned in the schoolyard and is continued into the workplace.
All the while, they try to get as much as possible of that trickle down money into their own pockets when possible and secure any possible future promotions for themselves.
In a word, human nature. Deception/deflection is one of the major methods of survival in the entire animal kingdom, human relations, business world and military.
As far as any regulation system: only those that are familiar with said industry, could have any ability to examine, regulate and enforce any oversight. Then that ol' human nature kicks in again, to cover up their failures, and to glean all possible fruit from the often symbiotic relationship between the regulator and the 'regulatee'
Last edited by 70 Mustang; 28th Oct 2023 at 05:17.