Replacing regulation with legal action is absurd. Instead of providing a positive legal framework that a company can adhere to, companies have to live in fear o

Replacing regulation with legal action is absurd. Instead of providing a positive legal framework that a company can adhere to, companies have to live in fear of unlikely but enormously expensive legal retribution. While the idea of as few laws and regulations as possible is very appealing - I don't see any reason to hold laws above regulation.