The companies hijacked the governmental regulatory bodies overseeing them so they can do anything they want... It's called Regulatory Capture

submitted by magnora7 from (i.imgur.com)

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[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yeah perhaps it's a bit of both. But I think the corporate profit motive was driving 90% of the lobbying for the last 100 years that led to all these regulatory bodies being like they are.