That line of reasoning is more like playing Twister with an octopus.
Throw in some nudity and body oil and you've got some good Hentai.
The only time the "people" win is when the Federal Government does not regulate. Regulation is strangulation and, ultimately, death.
That's insane. No economic system in it's purest form is good, from Capitalism to Communism, because human nature always skews things over time and corruption creeps in. Only a system of checks and balances can prevent that.
I'll choose Capitalism over Communism any day of the week, but look what happens to Capitalism when it's left completely to it's own devices: child labor, abuses, monopolies, price fixing/gouging, employee rights erosion, etc...
The very heart of a free market ideology is destroyed by a series of increasingly larger mergers and consolidated control that unregulated corporations exercise. It eats it's own. It's entropy of the free market. Communism is even worse, as it puts all it's eggs into a single basket right from the onset (the government), so the abuses happen even more quickly.
All systems need a set of checks and balances, and that means regulations for corporations. The only question is what to regulate, and how much, but to completely remove regulation would destroy the country.
One way to make your old car run better is to look up the price of a new model.