Indeed. And not only is it good to wait until problems occur, but it is also good even after a problem occurs to wait to see how businesses and their customers adjust, rather than assume that every new problem needs a regulatory solution.
Once a problem occurs, and gets enough media coverage to drive regulation, it has also achieved enough awareness to become a point of marketing/competition/consumer-activism. That might be enough to control the risk, even without official state inspectors/licensors/bureaucrats. Especially in the modern era of costless sharing/archiving/finding of customer reviews and discussion.
Once a problem occurs, and gets enough media coverage to drive regulation, it has also achieved enough awareness to become a point of marketing/competition/consumer-activism. That might be enough to control the risk, even without official state inspectors/licensors/bureaucrats. Especially in the modern era of costless sharing/archiving/finding of customer reviews and discussion.