I will partially counter that a much simpler class of regulations can cover more things in deregulation.
For example, if I just make fraud illegal, if you misrepresent what your evil I don't care what it is under deregulation I can get you. If you are honest about your evil it will be harder (but not impossible!) to sell it.
Deregulation also allows the "small guy" a better chance because to compete, and so with more choice the customer is likely to be more aware of choice.
Again, the above is not complete. There are big holes in this as well. Fundamentally there are always a subset of people who are willing to do evil to get ahead, if they can do their evil while being in the letter of the law they will. Society needs a way to deal with it, and nothing is perfect.
I will partially counter that a much simpler class of regulations can cover more things in deregulation.
For example, if I just make fraud illegal, if you misrepresent what your evil I don't care what it is under deregulation I can get you. If you are honest about your evil it will be harder (but not impossible!) to sell it.
Deregulation also allows the "small guy" a better chance because to compete, and so with more choice the customer is likely to be more aware of choice.
Again, the above is not complete. There are big holes in this as well. Fundamentally there are always a subset of people who are willing to do evil to get ahead, if they can do their evil while being in the letter of the law they will. Society needs a way to deal with it, and nothing is perfect.