Why is the attitude so prevalent in 2021 that the market is always the answer and regulation never is? Every high-functioning society is built on a foundation

Why is the attitude so prevalent in 2021 that the market is always the answer and regulation never is? Every high-functioning society is built on a foundation of sensible and fair regulation. Over the past 30 years, we've seen a rise in truly transformative web technologies, and mostly we've left it up to the market to see what would happen. And what has happened has not been universally good. When will we decide it's time to regulate these tech firms?