Our government must indeed counteract corporate interests to insure fairness and strengthen community interests. Though many argue that true capitalism would eventually produce fair competition and common good, the common man doesn't deserve to wait that long. The past has proven that industrious individuals and corporations are by far more interested in the greatest profit than the preservation and continuation of the common good. Therefore, if the government doesn't step in to control the power of corporations, all but a privileged few will suffer.
The idea of giving the power back to "the people" is summarized very well in the following quote by Franklin D Roosevelt, "The only sure bulwark of continuing liberty is a government strong enough to protect the interests of the people, and a people strong enough and well enough informed to maintain its sovereign control over the government.¹" The only way to truly gain power, for "the people", is through political means. Since deregulation simply transfers power to corporate society, "the people" must acquire power politically through educated voting. The idea of gaining power through republican means is foreign to most of our society, yet it is still one of the only effective means of gaining true power.
The idea of returning the power to the people, through deregulation, is a false illusion. History proves that big business cannot govern itself effectively without some sort of government intervention. When a business grows to such an extent to which profits become the only objective, and the general welfare of that society is thrown out, government regulation is the only solution. There are corporations of good moral standing, yet it seems that federal regulation is the only way to control the vast majority. Without regulation, unfair competition, unsatisfactory working conditions, and price fixing would run rampant.