Less regulation has generally led to more public harm. Toxic waste in rivers, siphoning of pensions and retirement plans, ponzi schemes, and on and on and on. There is always a balance to strike and then a constant rebalancing. We must guard against regulatory capture and many other ways the system can go wrong. This means we should favor the election of informed lawmakers that understand complex systems and then oversee them. This is a very technocratic position, but also a balanced position.