Progressives love regulation mainly because that's the only way for outsiders to get a voice in capitalist institutions which are run by a small minority that c

Progressives love regulation mainly because that's the only way for outsiders to get a voice in capitalist institutions which are run by a small minority that can cause extreme externalities on the surrounding community and their employees for their own benefit. One alternative solution to regulation is to let the employees and surrounding communities participate in the management of the business. This would lead to fewer externalities and hence, in some cases, less regulation.