Anti-regulatory sentiment in US politics is a misdirection, because pretty much everybody sane loathes red tape and bureaucracy, but the result of deregulation has been an increase in corporate corruption and white collar crime historically -- without fail -- every time it is implemented. Already the average American citizen is being crushed between the demands of corporate profits (and the financialization engine that feeds on them) on the one hand and government cronyism and partisan gridlock on the other.
"Regulation" is just a fancy word for "law," as in, the body of law that has built up over the course of US history and that is widely credited as one of the major sources of US success in the global arena -- without a strong rule of law and the ability to enforce misconduct, we are literally less civilized. All that civilization is, is the set of agreements we hold in common, and pledge in good faith to abide by; the limits on our own personal ego desires we submit ourselves to in the name of the greater good: a peaceful society.
I don't see any reasonable way that an ever-expanding economy would *not* require an ever-expanding regulatory bureaucracy to serve as one of the key checks & balances any legal and economic system requires as a baseline to function. If we want Big Business, we'll need Big Government -- else powerful corporate interests and towering monopolies will squash for citizens, social mobility, and (eventually) innovation. *Especially* in a time where we're more Bowling Alone and less civic-minded and publically organized than ever before. With unions and religion and community/civic groups all on the wane, the most important "third leg" can't stand. We suffer. Society suffers.
I don't see any way around it -- do you?