The problem is that the regulators are not regulating, they are bowing to the airlines. The only measure to deem acceptable regulations seems to be hull loss. They're not crashing so everything's ok!
Not only that D&F, another issue is that if an aircraft crashes, the 'regulators' (i.e. facilitators) and airlines walk away from it without any blame, or perhaps only get some vague recommendations from the crash investigation teams.
The real blame will be quickly placed upon the pilot(s), because my dear colleagues, that's what we've become: cheap scapegoats.
Hip hip hurraaaay for the P4T/P2F pilot who flies with the least amount of fuel and the least amount of rest, because
theoretically he can always uplift more or call in fatigued, right?