We know that the concept of privately owned property is foundational to the American law and economic system. Historically unprecedented individual prosperity resulted from this largely unregulated system. Nowadays, business regulation is entrenched in the law. If you were the sole owner of a non home-based business employing more than just yourself, do you think the management of your facilities, workforce, and product should be government regulated? Why or why not?
America points to its free enterprise system as a model for other nations. The country's economic success seems to validate the view that the economy operates best when government leaves businesses and individuals to succeed -- or fail -- on their own merits in open, competitive markets. But exactly how "free" is business in America's free enterprise system? The answer is, "not completely." A complex web of government regulations shape many aspects of business operations. Every year, the government ...
A few paragraphs gives you the OTA's view on this.