Yes, regulation free heaven, where there's melamine in milk and where your drinking water can catch fire. Where Lake are greenish yellow and where forest turn to desert.
But corporation make a lot of money.
Bitch all you want about regulation but they help a lot keeping our general environement relatively pollution free. It mean we get to eat fish and drink milk without the fear of poisoning with heavy metals. It also mean our drugs are efficient and proven.
And if you think that you still get all that without regulation. Check china.