No system of regulation can safely be substituted for the operation of individual liberty as expressed in competition.
Ultimately, the best driver will always do something special, whatever the rules and whatever the regulations. Same thing with the teams.
Progress is precisely that which rules and regulations did not foresee.
I think it is asking a lot for regulators to be perfect - because they won't be.
Regulatory fiat cannot create a market at a technologically interdependent interface. And by the same token, regulation and so-called monopoly power rarely prevail at modular interfaces between stages of value-added technology.
Fraud will always exist. Enforcement of anti-fraud laws is a useful deterrent, but in the end there's no substitute for investor vigilance. Government regulations provide a false sense of security - and that's worth less than no sense of security at all.
You can't regulate every lab in the world.
Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...
Agents need to be free to pursue investigations in ways that they haven't. There have been restraints that a reformed FBI needs to make sure we don't impose.
So when you see a regulation against lead, because lead is a bad in a regulators mind, what does that mean? You are not telling us what is good, you are just tell us what you don't want, not what you do want.
