Well there needs to be a balance between government regulations and free enterprise in a capitalist society. We already have so many government entities in place to prevent anti-trust violations, illegal actions, food safety, wildlife conservation, product safety, etc. The question is where is the line drawn between over government regulation and out of control corporations. Then you have said government entities in place who are supposed to protect us but they failed to do their job.
There are countless more examples out there like that of government beaurocratic failures in doing the exact thing they were supposed to do. Putting 100% faith in government to protect us is no better than saying dump all government regs and put faith in corporations to do the good deed.
Draconian government regulations for example making unrealistic tax mandates on corporate carbon emissions are no better for the consumer than a Verizon and AT&T merger would be (both cost prices to rise). All new cars will require backup cameras in the US as one example. Seriously. That only adds cost to vehicles. I can turn around and look behind me just fine when backing up as well as LOOK behind my vehicle for children which is what triggered this. Thank you government for tacking on $1,000 to my next car's price. And I'm still suspect on the origins of what NN's true intent was anyway. The opinions on it are largely split down political affiliation.
US history is rife with government Trojan Horse regulations that were really an ulterior motive (more control over private lives and the free market). It is also rife with corporate lobbyist paying off politicians to look the other way. So again, where is the line drawn controlling each other? Who monitors the government? Themselves? Fox guarding hen house just like corporations regulating themselves! That, in my opinion, is where the direction the conversation needs to go towards.