It's called a history book, and the problem is that a lot of the people who yell about removing "red tape" have read those history books and want to do the things the red tape was literally created to prevent, which is usually lie to someone to make money, and then millions of Americans who think reading history books is woke get very very upset that they can't give their money to companies that need to change the law to be allowed to lie.
Look at crypto. That's literally a system with very little """red tape""" and it's nothing more than a breeding ground for fraudulent investments because the company that promises 10% but literally cannot deliver will always beat out the companies that promise 4% but can mostly safely deliver that. If there's no punishment for lying, honest companies are at a disadvantage, because a market is not a transparent system, you cannot know the internal workings of a company that isn't required to make that info public.
Look at crypto. That's literally a system with very little """red tape""" and it's nothing more than a breeding ground for fraudulent investments because the company that promises 10% but literally cannot deliver will always beat out the companies that promise 4% but can mostly safely deliver that. If there's no punishment for lying, honest companies are at a disadvantage, because a market is not a transparent system, you cannot know the internal workings of a company that isn't required to make that info public.