No argument here. Of course, if the regulations were not there then there would be no lawsuits because one of gazillion regulations was broken.
Industry is dead in the U.S. I don't know where the middle class is going to get its income from.
In CT here we had an Attorney General (now our Senator) who thought he could sue companies into staying in business. I can't imagine why anyone would want to start a manufacturing business here. The sad thing is, that the democrats and idiot liberals around here can't understand it either. Only their confusion comes from a completely different angle.
Deflation is, in fact, ruining our economy at a personal level and the primary source of deflation is high productivity improvements in industrial activity.
Mechanization, automation, computerization and robotics are doing this.