Reaganomics talking point since the 80s, yet the U.S. constantly relaxes regulations, recently it released even more environmental ones and it looks in parts like Mars.
But of course, cut regulations, cut corporate taxes, cut benefits, cut, cut, cut. There's never a failure model for such capitalism apparently. 2008 even was blamed on regulation, rather than lack of thereof.
Am quite frankly done with this line of argument.