I'm not saying they all work out I'm saying that some are good. In your example of the soup kitchen closed because it couldn't install some fancy-pancy fire extinguisher system, yeah, that's a bad law and a bit of an overkill. Telling someone that they can't legally take other people 700 feet below the water in a sub that isn't certified is a bit of a different story.
He may have barely have been making a profit but the fact of the matter is it would've cost him $100,000 to get papers/certified but he instead spent $200,000 on a new sub. It just seems like the kind of thing that would actually be considered an investment because it could make you more profitable and definitely adds more credibility.
Eventually you end up with a choice. The older, smaller $100k sub with $100k of permission seeking added on (and somewhat known risk) or the newer larger $200k sub with somewhat unknown risk. In the first-world, that choice is made for me (and likely results in no sub ride at all). I'm glad that there are some places in the world where I can still choose for myself.
He may have barely have been making a profit but the fact of the matter is it would've cost him $100,000 to get papers/certified but he instead spent $200,000 on a new sub. It just seems like the kind of thing that would actually be considered an investment because it could make you more profitable and definitely adds more credibility.