I can agree with the first part of your argument, but you're going overboard here by declaring any form of regulation to be totalitarian in nature. Considerations on the interests of companies versus the interests of society as a whole can be made (and are made) in well-functioning democracies. It's continually difficult to strike a balance, and overzealous mistakes may be made or the process might be corrupted. Still, you can't wholly dismiss governmental regulation as the modern world simply functions on it.