I think this is the crux of our disagreement. In my experience, the more degrees of freedom the seller has, the more chances to fuck you over they have.
I think - and this might be my European perspective and maybe why we feel differently about regulations than Americans - the main source of risk is corporations trying to take advantage of you, not the government. Curbing said risk through regulations is a core part of good governance.
[0] https://ourworldindata.org/grapher/median-income-after-tax-l...
[0] https://www.usnews.com/news/best-countries/best-countries-fo...