Also many Americans - including many here on HN - reflexively oppose regulation. That's one reason regulator's budgets are cut (and now GOP-appointed judges are hamstringing the 'administrative state). And then when a private business does something wrong, the same people ask, 'where are the regulators'?
No, because you're leaving out context.
They abide by this, due to a limited budget, and no ability to hire, train, and maintain such capabilities.
Amd I'm willing to bet politicians on both sides of the coin have contributed to this.