And people rode cars without seat belts, motorcycles without helmets, etc....
Rules and regulations are written in blood and usually have a reason. Meters being sold with lies on them about their safety is a big problem IMHO. People being aware of what is safe, or not, is a good thing. Ignoring rules just because ancient apes didn't have rules is not a good thing.
Definitely no discussion necessary - safety evolution is a great thing and without any of it at least half of this forum would probably be dead.
A problem about having a poorly built meter lying around is that people get lazy and might think "well just this time I will be OK"
Sorry for being polemic here, but MAYBE the future of civilization would be even more granted if people do not absolutely arbitrarily plug in everything everywhere - at least on job sites. THINK before putting something on mains, and if you can't do that, then stay away 1m or more!
Of course, in companies with shared accident responsibility it´s different. There I also always recommend good equipment becuase luckily companies I work at can afford it. But if someone can't really afford it, I´d never complain about a "bad" DMM just laying around.
Or another provocative example: Bad luck can make your "wall wart" SMPS explode like a cheap DMM. Do you also equip *each* low power application with at least a CAT II fuse or charge your smartphone with a flashover suit?
This thread is a sticky for a reason. It may be out of date for current models but the reasons and information still are valid.
https://www.eevblog.com/forum/testgear/a-list-of-multimeters-that-do-not-appear-to-meet-their-claimed-safety-specs/
This list is great, but because manufacturers are more or less lying about their products. Sometimes they lie so much that it is more than obvious - like a small €6-meter I have on my bench that is labeled as CAT IV 600V. I´m quite sure it´d be quite an incandescent device at the specified high voltage spike.
But others seem to be more beefy outside and aren't inside. These can really be dangerous e.g. at construction sites and there the list really may save lifes.