The Regulatory State

The regulatory state refers to government agencies and laws that set rules and standards to oversee industries, protect public interests, and ensure safety, fairness, and environmental sustainability. These regulations influence how businesses operate, restrict harmful practices, and promote consumer rights. The goal is to balance economic growth with social and environmental responsibilities, preventing abuses and ensuring the public's well-being. Essentially, the regulatory state acts as a guiding framework to maintain order and accountability within various sectors of society and the economy.