There are so many english centric assumptions here.
Regulation of liability can be very generic and broad, with open standards that dont need to be updated.
Case in point: Most of continental Europe still uses Napoleon's code civile to prescribe how and when private parties are liable. This is more than 150 years old.
The real issue is that most Americans are stuck with an old English regulatory system, which for fear of overreach was never modernized.
Regulation of liability can be very generic and broad, with open standards that dont need to be updated.
Case in point: Most of continental Europe still uses Napoleon's code civile to prescribe how and when private parties are liable. This is more than 150 years old.
The real issue is that most Americans are stuck with an old English regulatory system, which for fear of overreach was never modernized.