We have a method for tackling this. Competition. If one company's management is incompetent and as a result their products lose quality or become overpriced, people switch to another supplier. If a state government's laws impose more burden than benefit, people and businesses flee to other states.

The problem comes when markets become consolidated and uncompetitive, or bad regulations get applied at the national or international level and there is nowhere to flee. Which persists when upon it happening people say "eh" and do nothing, instead of taking it for the threat that it is and fighting it with all they've got.