I think maybe regulators regulate not because they care about safety or want the world to be lovely, but because they just like regulating. They're the unpopular kids at school, getting their own back. And they're puritans; and as someone once said, the great terror of the puritan is that someone, somewhere, may be having a good time...
This is insightful and touches on the differences in the brain structure between those who are naturally inclined to regulate and those who natural want to aviate . . . The eternal struggle between forces of control and freedom, those who wish to dominate and those who wish to explore.