Pass a law requiring stricter standards and the natural inclination toward innovation is hampered.
Competition occurs due to the number of suppliers in the market. Regulation increases the cost of business and destroys marginally profitable companies, reducing the number of market suppliers.
These stricter standards are only beneficial for certain subsets of society, never for the whole population. If they were, the people would have put their money where their mouth is and paid for higher quality goods and services.
We have corrupt politicians acting in the interest of lobbyists and ultimately their own visions of power. As long as individuals stay in the mindset of government being a necessity this is an unfixable problem.