A strong government backed by strong regulations is FAR BETTER for the populace THAN a weak government backed by weak regulations.
It is strong regulations that forms the basis for the basic economic unit (ie us) deriving/enforcing private property rights. The sweet irony is of course that a commie socialistic concept of red tape is the difference between you being able to sell a widget for a fair price, and some union robber barron dole bludging single mom just taking that widget off you for nix.
Furthermore, there is no overseas jurisdiction that beats Australia pound for pound on the right mix of freedoms and regulations. None. Nada. Nyet.
As world/national population growth increases, the impact of the population on each other, the environment, commerce, trade, OH&S etc increases, not decrease. This in turn means we will need MORE regulation, not LESS.