Where would you put the fuse, then?
Also, if you think that's "Not Great", just take a look at the concentrated pile of sketchiness that passes for domestic wiring in the US. Every single house in the US is an electrical fire waiting to happen - and with "balloon frame" construction which is purpose-designed to both reduce construction costs and ensure the complete destruction of the building with even a minor fire, you've got plenty for that to work with.