If you read my comment carefully, I didn't argue for less regulation. I did suggest that more regulation wasn't the solution.

The quantity isn't the problem here; it's the quality. When the system has been completely corrupted, regulation stops doing what laypeople expect it to do.

Virtually none of the regulation people genuinely concerned about consumers, children, etc. would reasonably ask for will ever be enacted and enforced the way they'd want in today's broken system. The law isn't working for the masses; it's working for the asses.