The reality in the US is currently the opposite extreme, and advocating for reform does not mean another fictional absurdist extreme. The government can be bad at regulation too - especially when decided solely by a small committee of non-technical representatives and career bureaucrats informed by the news cycle of their time who make decades-lasting rules and ossified agency directives.
Why do you think the rules are decided by "a small committee of non-technical representatives and career bureaucrats informed by the news cycle of their time who make decades-lasting rules and ossified agency directives"?
That would be highly unusual in the US. Most rules are at least heavily influenced by lobbyist paid by the industries.