>similar to how we recognized as a society that workplace safety laws were not something private businesses were ever going to compete on,

Democratic-ish societies get laws AFTER society is mostly in agreement on something. We got workplace safety laws because most workplaces had already started to care and the point of the laws were to force low margin industries and other hold-outs to get on board.

I mostly agree with the rest of your comment but your order of operations is simply backwards.