Businesses need to work within the rules of government and operate in the best interest for society. Corporations cannot operate just for their own personal profit and greed. Corporate Social Responsibility (CSR) is the name used today to describe a businesses responsibility to society. John Jacob Astor did not work to help society, but rather he worked to make as much money for himself as possible...
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The regulations set by the government help the companies of today focus on helping society. Many businesses and corporations have the power and resources to do whatever they please in order to gain all the profits they can make. The problem with this is if they were allowed to use that power and resources then the world could lose over half of the small businesses that help balance the market...