In a free market, private 'regulators' develop and act as auditors who take responsibility (i.e. pay if sued) for the product after inspection. But with government intervention, you get worse products & higher costs.
In some cases that's true, in others it's just wishful thinking.
http://www.forbes.com/forbes/2004/0112/052_print.htmlIs that the article you intended to link? It has nothing to do about regulation.