Exactly. Regulation does not come out of thin air--but in response to abuses. Complaining about regulation in the abstract is akin to bank robbers complaining about the laws against bank robbery.

If you support regulations in cases like this, you're not going to enjoy the next 4-8 years in the USA.

We just voted the anti-regulation group in power.

God help America!

I don't see the two as mutually exclusive.

No, this is an example of why government regulation and free market economic are important. In places where there's fierce competition, a scandal like this will cost the player to lost the battle against other competitors, so deregulate those markets to boost competition. In places where competition is not possible by reasons other than regulations, government should regulate the shit of the industry. However, US is heading to a place where most markets are gonna be dominated by monopolies yet the regulations not be there.

And enforcement. Often the regulation is there but the enforcement is lacking.

While companies should be fined, but there always seems ot be a lack of individual accountability and repercussion for people responsible.

I was about to comment the same.

It isn't like everyone in any one country or restricted area is honest nor does everyone have the means to verify the contents of every item they purchase.