Unregulated profit-seeking corporations cannot be trusted to protect the Public,
because their main objective is to make profits,
not to be a do-gooder for the Public.
Whenever profit-making conflicts with the Public interest, profit-making wins!
Thus they become Predators on the Public, not Protectors of the Public.
This is not a radical idea, but an obvious fact, if you think about it.
Profit-seeking corporations exist to make a profit, and the more profit, the better.
Anything which increases profits is good for them; and anything which decreases profits is bad.
So they try to do whatever is necessary to make profits.
This is the essence of Laissez-faire Capitalism: that profit-seeking corporations should be left alone to do whatever they choose to do in order to make profits.
Employees get paid to help the company make a profit, not to be a do-gooder for the general Public.
Just suppose a local manager decided to give away $1,000,000 of the company’s money
to build a playground for the neighborhood children.
“The kids need the playground!,” he says.
Unless this playgound were part of some co-ordinated Public Relations effort,
intended ultimately to produce greater profit,
the employee would probably be fired, and replaced by someone with a better profit-making attitude.