If you don't force companies to comply with regulations for the benefit of society, they will simply cut corners to increase the profit margins to the themselve

If you don't force companies to comply with regulations for the benefit of society, they will simply cut corners to increase the profit margins to the themselves and their shareholders. This is essentially true for any industry where there is potential for damage to the environment, or even their end consumers. I don't have any exotic links to theories or viewpoints on this, but it is my firm believe. Consumers cannot necessary demand something if they're not aware of it (ie: EPA testing water supply for contaminants, USDA testing meat supply for salmonella). It's taken decades of pushing for the populace to get basic things like the Clean Food & Water Act(s) passed and be able to eat/drink/consume products being able to know what the ingredients are and not (for the most part) getting sick from doing so. Regulation needs to and should exist for basic human services of life.