I can almost kinda see competition helping scenarios like this as the poster appears to be indicating, but not in any model resembling 'competition' and/or 'free market' as it is now, as neither exist. Wherever government is weakened, regulations (i.e., the rules of the game) are obliterated (or otherwise rewritten BY the 'free market' (i.e., specific big-fish corporations)), and business takes on the mantle of fact-checking itself, what we see, instead of competition, is extinction. A handful of fish eat ALL the other fish and all of a sudden you have cartels or outright monopolies that result. In order for true competition to occur, the players on the field must be unable to determine the rules of the game, while the referee (i.e., government) has the power to enforce the rules, but makes no attempt to play on the field itself. As long as the two blend together, all you'll get is a new TSA that specializes in economic rape of the masses, as is occurring quite ubiquitously nigh on everywhere else the 'free market' has intruded.
Profit, as a motive, is very powerful... but when people can fudge, they WILL fudge as that is easier than playing harder (i.e., competing.) So either the people (i.e., government) have to have enough power to kick cheaters entirely off the field or to 'tweak' the meaning of profit (perhaps through credits or subsidies or scenario-responsive tax rates) so that for-profit entities providing security services (a.k.a., police, fire, military, health, environment protection, food protection, etc) perceive success for their clients as more profitable than cutting corners.