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This is society* deciding that the resources are better used elsewhere* Actual decisions on resource allocation made by regulatory agencies, which have a close partnership and history of employment with the industry being regulated.
It's different to say "society decided" vs 'a specialized subset of society, with tangled incentives, decided.'
At the end of the day, it's a spectrum from (no oversight) to (full, independent validation).
Boeing didn't want MCAS highlighted as a change, Boeing didn't want the FAA to independently discover it, and Boeing got all these things. Either by action on its part or by design of what the FAA did and did not independently verify.
That's a strong indicator we should shift regulatory posture further towards (full, independent verification). And while it may be cost prohibitive to shift all the way there, that's doesn't mean we can't shift closer to it.