> Note also, it’s not just electronics regs that act in this way - our societies have become much more regulated and rule bound in my life time. Often things for good reason.
After WW2 we were in a high-trust, low-barrier society state across the Western world [1]. You could leave your door unlocked and no one would come and rob you, your children could roam free as they pleased, you could start what could become a multi-billion dollar enterprise in your garage and neither the IRS nor "HOA enforcers" would raise an eyebrow or keep annoying you with audits, you could afford a home with a garage in the first place even as a blue collar worker. And that worked out pretty well in retrospective - we had a literally booming economy from both large giants as well as small startups, people had lots of children as they actually had money, employees in companies had actual freedom to decide things even on lower levels where the actual work happened, employees entered their company at 16-18 and left at 65-ish, and the focus of upper management was to keep the company healthy.
Around / after the fall of the USSR, things took a serious nosedive all at once. A lot of solid blue-collar employment got moved off overseas, poverty shot through the roof (and with it, related crimes like burglaries and robberies), IRS shifted from enforcing the tax code fairly to focusing on small businesses and people (partially because the uber rich and international megacorps now employed sizable amounts of lawyers and tax specialists that created schemes that were way too complex for the IRS to dig through), companies more and more focused on quarterly results, short-term benefits and financial plays instead of sustainability (we're seeing right now with Boeing how a once proud company has fallen to the MBA beancounters), employers completely forgot about responsibility for their workers and hired-and-fired them in response to said quarterly results, the resulting loss of trust led to absurd micromanaging from above, and everyone in general went for "side hustles" and squeezing out some tiny amounts of money for themselves by tricking others because there was no other way.
And the combination of all of that is IMHO what created the low-trust society state we are in: we cannot trust our neighbour, our employer, a random hobo on the streets, the government, no one any more.
[1] Yes, I know, distrust against non-Whites, LGBT, ... was a (massive) thing but that's not my point here. And yes, I'm painting a rose-colored picture, and realities could vastly differ.