Only a Democrat would think that more regulation is a catalyst for improving the performance of anything. Maybe there is a market among dim-witted Democrats for “performance” tuning their cars. We will regulated and restrict your Ferrari in every way possible but we promise it will perform better.
Every sport has regulations and rules for the competitors. Some are designed for safety. Some are designed to make the competition fair.
Let’s take racing. Minimum weights of cars is required. Maximum weight of cars. Maximum engine size, and maximum horsepower is limited. Minimum safety equipment required. Car structure is detailed with structural safety and integrity. A limited number of tires for competitors, including some where you have to use tires from a single company. Restrictions on fuel and oil formulas.
And the racing is close, and exciting for the spectators, and safer for the drivers.
Baseball. Weight and materials for bats. Relief pitchers are checked for any cheats before they reach the mound. How many times have you seen one running out and pause near second base to have the Umpire do a quick check to make sure he doesn’t have sandpaper or salves of some sort? I’ve seen it done most of the time they are running out there.
The purpose is to prevent someone from having an unfair advantage. To make the competition as fair as possible.
Horse Racing. They check the horses to make sure they are not under the influence of performance enhancing drugs. Russia was banned from international sports because of those performance enhancing drugs in their athletes.
So shift to the business world. We have minimum requirements for employees. Minimum safety requirements, minimum pay requirements, and minimum insurance or benefit requirements. All to try and make it somewhat fair.
We prohibit someone cornering the market. Competition makes it better for everyone.
World War One is a good example. In America, the birthplace of powered heavier than air flight. The Wright Brothers rushed out to patent their creation and discovery. Everyone else who tried to build a plane, ran into the patents and lawsuits to slow or stop their efforts. In Europe no such restrictions existed. Everyone was developing improvements as fast as they could figure them out. So much so that when we went to war, we had to use French and English planes, which were far more advanced than our own. We went from First, to last in a few short years, all because the inventor tried to corner the market.
Let’s go back in time, back to the big credit disaster at the tail end of W’s Presidency.
All the Wall Street firms were so interconnected, each owning stock in all the others, that when one firm collapsed, that was a drag to all of them.
Regulations and requirements are designed to keep that from happening again. And when companies follow those regulations, when they comply, a similar failure is unlikely. If they cheat, and they don’t follow them, then failure is far more likely, if not inevitable.
In most cases, regulations are like the signs on a corner, a yellow sign with the maximum recommended speed. You can go faster, but you would be well advised not to. If you go a little faster and get away with it, great for you. But the next time it’s a little different with wind blowing and you end up off the road in a tree.
You say Regulation restricts business. I say it restricts business from taking unwarranted and unwise risks. Reducing the likelihood of another massive failure. Making public bailouts of corporations unnecessary.