> So in the face of these market failures, legislation to combat the low hanging fruit like this is probably the only way to make life for consumers bearable without actually fixing the underlying issues.

I tend to think that makes things less bearable in the long term, though, precisely because it doesn't fix the underlying issues. It's like just taking a bunch of ibuprofen and walking on a badly injured leg. It may make it hurt less but it can also make the problem worse. We may need to let the pain get intense enough that people feel no alternative but to overhaul the whole system.