>Regulation is simply more efficient and effective.
And that efficiency and effectiveness benefit an elite few. If people continue to "wake up" globally, becoming increasingly empowered by technology and democratizing philosophies, they will come to the logical conclusion that they can "vote" with their currency. Companies will definitely fucking pay attention if people stop buying their shit.
For example, I've taken the "buy local as possible" ethic to its logical extreme, realizing for example that I have to make compromises for things like consumer electronics. "The real world", as you say. But I think it's defeatist to just buy the cheapest junk you can afford in complete disregard of its means and origin of manufacture unless that's the only solution.
Just today, I was shopping around where to buy Sid Meier's Memoirs book since I just learned about it today on HN. I could elect the easy, lazy, one-world-ruled-by-Bezos path and click Amazon to save a few cents and get it delivered a day less, or I could go the slightly less convenient but more positive route of Indiebound.