Nor is scrapping regulation self-evidently a good idea. The right-wing tale is that it is a block on business, preventing them investing, being more efficient, or some such.

A more honest assessment it that a regulation trades off the different interests of various parties: business, workers, consumers, taxpayers, nearby residents and others, as appropriate. There may be a case to balance these differently. Scrapping them, though says there is only one relevant interested party and that is business. Without a regulation, the other interested parties have no appeal.