Deregulation is what the capitalists want. Capitalists can benefit society, but not because they want to, only because it's the fallout of their activities. We have workers' compensation, disability insurance and agencies, unemployment compensation, fair labor standards, health and safety legislation, environmental protection and agencies because of the activities of organized labor and concerned citizens over generations. These activities have been effective because politicians (the world's greatest whores, but whores who f*ck their clients in the same sense that clients f*ck whores of the ordinary type) wanted their votes, but more than that, they wanted their money. It is said in the House that when Representatives are sworn (January 3rd, every even-numbered year), they immediately begin running for re-election.
The problem these days, though, is that huge amounts of money are spent on election campaigns, and ordinary citizens are not the source, unless they are contributing to political action committees. A PAC can give $5000 to each candidate in each election cycle. Senators serve six years, and are less influenced by election contributions. Senators also have less need to "work" their states in order to get re-elected. Representatives are up for election every two years, and in these times of big money campaigning, they really do start campaigning on January 3rd of the years when they are sworn in. Representatives have the greatest power of incumbency, because they only have to "work" their congressional district, and they have franking privileges (free mailings to their constituencies). Nevertheless, campaigning is expensive and all Representatives are up for sale.
Regulation at the federal and the state level protects us from polluters and unscrupulous manufacturers and marketers. That is precisely why capitalists, whose only interest in the bottom line and improving the bottom line, want deregulation. My personal opinion is that business and industry are not regulated stringently enough. One tactic of presidents and of congress is to starve regulatory agencies which they cannot or will not attack openly. Basically, regulation protects us from personal greed and its consequences. The notion that capitalists will take all of their marbles and go home if they are taxed and regulated is ludicrous. They don't want their money sitting around doing nothing, they want it making more money for them, and for many wealthy individuals, it is all about money and power, and so they are the enemies of regulation. To put that in perspective, while Republicans whine about taxation, those whose incomes come from capital gains already have a sweetheart deal. The capital gains tax is 15%. Only working class people who make less than $38,000 a year pay 15%. A working class man or woman who makes $40,000 per year pays 25%. Congress funds their often questionable activities on the backs of the working class. It's a cinch that the one percenters with their 15% capital gains tax aren't paying the bills.
These people don't give a rat's ass about you and me. Capitalists can be useful, but they need to kept on a short leash.