alt Hacker Newsright, it worked really well for the 737 Max: https://www.seattletimes.com/business/boeing-aerospace/how-t... | https://www.pogo.org/commentaries/corrupted-oversight-the-fa...
and the 2008 financial crisis: https://sunlightfoundation.com/2008/11/24/the-revolving-door...
just to name two obscure examples that had some small impact on society
SOC2, a standard governed by the a CPA certification body, costs billions of dollars a year to collectively implement and doesn't meaningfully improve security. FDA auditors trying to regulate software development for clinical trial data capture makes clinical trial software cost ~30% more AND makes it lower quality. There are costs on both sides of the continuum. The costs for bad regulators are just diffuse.