Centuries of manias and panics teach that financiers always have a better hand than their regulators, but the outdated and chaotic structure of regulation only adds to their advantages.

几个世纪以来的狂热和恐惧表明，银行家总是比监管层技高一筹，但过时和混乱的监管结构只会使他们更加难以管教。

youdao

America should ditch its outdated system of insurance regulation.

美国应该好好改善一下陈旧的保险管理系统。

youdao

If the regulation is outdated, it should be scrapped.

FORBES: Fundamental Economic Requirements For Our Next President

Anyway, the idea of spectrum-based regulation of telecom is outdated.

FORBES: Magazine Article