I have worked in the corporate world long enough (30+ years) to state credibly the following:
To Businesses: Regulations = Non-Free-Market Costs which impedes executive or owner greed
To the Public: Regulations = Prevention and Protection from higher risks of harm.
To the State of Texas: Regulations = Damper on business and tax revenue, increased monitoring costs.
Fact: Without regulations, you will always be dealing with nasty (and often deadly) after-effects, including clean-up, human tragedy, and suffering, whether the unregulated risk was product, public health, environmental or financial. And many times the after-effects are irreversible over the length of the average person’s lifespan. Rivers are killed, people are sickened and diseased, families are bankrupted and destroyed.
The Akema plant is another example, like the West fertilizer plant, or, on a larger and different scale the financial collapse of 2008 of unregulated but quite preventable disasters.