What if they had regulations limiting the judges oversight? What if there was a regulation that restricted evidence accepted from corporations? What if there was a regulation that allowed for some kind of process of appeal in these situations?
You appear to be forcing your black and white political ideals onto something that is a little more complex that "Regulation Bad! Market Good!"
This is not complex at all. As long as new legislation concerning formerly unregulated areas of life is as easily introduced as today, and politics having as close a connection with money as it has, this is just not going to end, ever.
Good luck fighting the good fight, you're going to need it. The problem is a few meta-levels above.
You appear to be forcing your black and white political ideals onto something that is a little more complex that "Regulation Bad! Market Good!"