This is spot on. The meat industry for years has been trusted because of regulation. The moment you take away regulation you take away trust and start a race to the bottom. Ask any of these other deregulated industries:

-News and Television -Deregulated in the 90s

-Boeing and commercial aircraft - Merged unchallenged in the 90s and the FAA allowed “self reporting”

-Banks - Deregulated in the 90s.