This strikes me as an extremely weak argument for removing regulation. Like yea that's a nice thought if you already believe in efficacy of private organizations, but on the other hand trust in any organization goes out the window the second a profit motivation is introduced.
I’m not proposing deregulation. But it is possible to have bad regulations that don’t produce the desired outcome. Basically, you can’t just regulate by specifying every little detail. An analogy could be drawn to overfitting a system.
