Why did many people begin to reconsider their position and welcome some government regulation?

Answer 1

Many people began to reconsider their position on government regulation due to growing concerns about economic inequality, environmental degradation, and corporate malfeasance. High-profile crises, such as financial collapses and public health emergencies, highlighted the inadequacies of self-regulation in ensuring safety and fairness. Additionally, increased awareness of social issues and a desire for accountability prompted calls for more government intervention to protect consumers and promote equitable practices. This shift reflected a broader recognition that some level of regulation is necessary to balance individual liberties with collective well-being.