[lutorm]

That's like saying that deregulated financial instruments made it easier for us to out-engineer the market. It looked like it worked, for a while, but it turned out there were... downsides. When a worldwide monoculture crashes, it's going to be more difficult to effect a food bailout.

[anamax]

Regulated financial instruments are a monoculture.

Besides, what makes you think that regulators get things right? Even if you ignore regulatory capture, regulators are imperfect, have less information than market participants have, and have their own goals.