Also internal company politics. What would fix much of this, for many projects, is a very experienced product person with final say over every feature, reporting directly to the CEO / board, and outranking everyone else in terms of decision making.
But who decides who is skilled enough? Then we are quickly in the realm of politics ..
Trial and error using a free market place.
So it is in effect government mandatory at the moment. And pretty stupid and yes - hopefully illegal.
How about we give you a 23-year old recent grad instead?