It's a good idea to have a healthy distrust of anyone or anything that can throw a lot of weight around. The only difference I seem to have is that my solutions go in other directions. I don't have a knee-jerk reaction that "more regulations" or "more government power" will fix everything that's twitchy with the private sector. The results I generally see of this approach are not businesses monitored by faithful government watchdogs, but a merger into some rotten chimera of both.

Any regulatory process must, of necessity, be adversarial. What's needed is a way for people to make money by being effective regulators. As with any other business, being open to competition is essential.