What did regulation get us? You mean after the new deal was put in place but before Ragean and company went about getting rid of it? Hmm let's see? End of the great depression? But wait Rush Limbah says that WW2 ended the great depression? Well the great depression was starting to end before WW2 but if you are saying that the massive government spending and massive government growth during WW2 ended the great depression then I have to thank you for proving my point exactly,
What else did it get us? ~50 years of strong growth without any real recessions? Strongest middle class in the history of mankind? Turning the US economy into the biggest in the world with the largest manufactoring base? Remember back in the day all the best consumer electronics were all made in the USA. Our manufactoring base was protected because from the founding of the country until about the 1980's we actually charged tariffs to people importing goods we could make here. In fact until WW1 tarrifs completely funded the federal government.
Execpt for all of that then I guess I would have to say yeah, regulations gave us nothing. Guess we need a fundamental change? And by fundemental change I guess you mean do the same thing we have been doing for the last ~30 years? I.E continue to deregulate and destroy whatever is left of the new deal? Yes we should not got back to the way things were back in the 50's and 60's. Back then the government actually regulated business. Back then a CEO could not be paid in stock (so he -- and yes back then it was always he, couldn't pump and dump like everyone loves to do today.) If a company became a monopoly then the government would split it up. The government wouldn't allow banks to lend money to people that couldn't afford to pay it back. And since the ultra rich had a +50% top tax bracket (with a lot fewer shelters so they actually mostly paid it) more rich people invested more money in their companies (to avoid paying taxes) and so there was less money around to have tons of bubbles in the stock market, energy market, housing market, etc. Back then companies actually had R&D departments because the CEOs all weren't slaves to the stock price -- they actually cared about the long term future of the company (imagine that!)
No you are right we should certainly not go back to the way things were back then. We need a fundemental change and that means doing the same thing we have been doing since Ragean.