This amounts to an ideological viewpoint, however it doesn't map to reality. If the government doesn't step in, the worst of the worst will sift up to the top, and the most complacent will sift to the bottom. It's how things naturally fall into place.
Exploitative people in an unchecked market have an unmatched advantage. If you believe in real market competition, then pure capitalism cannot work because it stifles competition by creating unfair disadvantages for CEOs who think about their people, discouraging them from acting benevolently.
The problem is that you see the government as this authoritarian beast who must be kept in a cage for the safety of its people, when in reality a healthy government is its people. Government regulations in a free market are a result of the consumers who participate in the market wanting protection.
In the end, you either favor consumer protection or corporate protection. Which seems more moral to you?