Trial Lawyers as the Regulatory System

The discussion highlights the current state of regulation in the country, emphasizing that trial lawyers essentially serve as the primary regulatory system. As traditional regulatory measures have diminished, civil suits have emerged as the only recourse for accountability. This reliance on trial lawyers suggests an ongoing trend where lawsuits will continue to play a significant role in regulating companies, particularly in the realm of technology and safety. The implication is that without formal regulatory frameworks, civil actions may shape the industry's standards and practices.