What I always find hilarious about these naive libertarian types is they never even bother to check their hypotheticals against reality. For example, FutureMotion had to have a regulatory body intervene because they were killing and injuring people with their skateboard designs:

https://www.theguardian.com/sport/2023/oct/03/future-motion-...

So the answer to your question is, “yes, that needs to and did happen.”