Yes, but if the system is adding hundreds of pages of regulations a week and must be understood before signing off on them, maybe it couldn’t be helped.
Why didn’t the owner of the company emphasize in the article the regulations being his problem instead of complaining about the paperwork piling up for three years?
Surely the regulations caused the demise of this company, but the article leaves the impression of somebody not doing the job they should have done to prevent it.