I totally agree, however, society is now basically at a point where citizens are wards of the state.

They want to be protected from any kind of risk and refuse to take ownership of their own decisions. In that kind of an environment, you need to have some kind of regulator to step in and punish the baddies like Daddy would do.

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"punish the baddies"

common law liability does this (if they are actually baddies)