Why not neither?
You know we used to have completely unregulated business?
It was called the industrial revolution/the gilded age. It led to abhorrent working conditions, people maimed or killed almost daily, child labor, all of these whole providing pennies a day.
It wasn’t until the workers of America rose up (a lot of times violently) that we finally got labor laws. Those laws protect the individual from the psychopathic business owners who treated their employees like slaves all because there was no piece of paper that said they couldn’t.
Unregulated business is how you end up in sweat shops.