Comment by pdonis

> Getting rid of government regulations in their entirety just cedes all the decision making power to corporations.

The massive power that corporations have, as compared to individuals, is itself a product of the fact that our society has evolved now for well over a century to have government regulations that are bought by corporations to favor them. So you are correct that we can't just instantly scrap every government regulation, but not change anything else.

That does not mean that the regulations, on net, are doing more good than harm. It just means we've gotten ourselves into a very deep hole, which we can't climb out of in a short time. But at the very least we could try to stop digging.