Like the National electric, fire, and plumbing codes That are widely adopted by governments at all levels?
Free markets are great, but without some level of regulation, you'd have human meat sold on the street, and mega corporations who use market power to stifle innovation. I remember when it was illegal to connect modems to the telephone network, and the phones were hard wired to the walls. Until the government forced them to open up. We're seeing that today with fios and cable companies requiring their modems that they control, monitor, and run their own Wi-Fi on the back of your service. Comcast is requiring not just their all in one, but also their managed internet service to get the latest upstream improvements. id love to see hard regulations banning that practice.
Regulation ensures that if the bottle says snake oil, then it damn well better be filled with snake oil. They do have their purpose.
I agree that regulations need to be minimized, but in this case, the smart phone market is hardly free. It's a duopoly.
There's an assumption in the above post that in the absence of "government", there would be no standards. Thats certainly a possibility but its unlikely. Its historically proven that companies innovate in the absence of regulation, and very much in favor of the common man. Vanderbilt with his NY ferry service made it cheap enough for all but the poorest people to ride between NY and NJ. Rockefeller made his initial fortune by providing lamp oil far cheaper than anyone else, something that raised the standard of living for all people - up until then only the "rich" had evening light, in the form of expensive candles. Lysander Spooner brought mail to people for about a tenth of the cost of US postage. None of these people needed regulation to do this, and all of them faced serious uphill battles and even faced imprisonment for trying to do their service.
You're also making the assumption that what the government does is for the benefit of the people. I'll allow the broken clock axiom, but what about the other minutes in the day? How is it that the government is somehow exempt from the same temptations that seem to afflict these awful companies?
In the 19th century the true free market had to compete with Clay's "American System", which was westward expansion under mandate, financed by wealthy bankers who would then derive the first fruits. Consider the example of two railroads. The Great Northern Railroad, founded by JJ Hill, refused to take land grants from the US govt. Every right of way was purchased fairly, whether it was from the government, private land owners, or indigenous peoples. He took a conservative approach to building only one leg at a time, moving to the next only when his previous work became profitable. He sold sidings to locals for a reasonable price, enabling towns to flourish along the way and bringing a lot of wealth to them. Contrast that with the Union and Pacific lines, which were seized by eminent domain and outright combat. Long stretches of the lines had to be guarded by federal troops, as the Indians could only be pushed so far before they'd return fire. The crony system ensured that the best siding stayed in the company, or was sold to politically connected clients. But hooray for those regulating authorities - they generally come in after the targets have completely raped a market, literally and/or figuratively, and the regulators "correct" something that was caused or at least permitted by their rules in the first place.
I could also make an example that the more draconian the rules, the more it drives innovation, up to and including the creation of a black market. In fact thats usually the end result. Vanderbilt carried passengers even under direct gunboat attacks by the NY Port Authority. Or witness the terrible privation caused by the Soviet command economy and its limitless list of banned western products, and how that drove a tremendous black market in things such as Levis, Coke, and American music.
Your example of the phone company neglects that their rules generally came from their government-protected "limited monopoly" to begin with. The Bell System was the number one phone company in the nation, initially due to innovation, but later due to their lobbying efforts. Ma Bell never did anything it wasn't already considering, regardless of government "force". I have a sneaking suspicion that they allowed the break-up to happen, because that was a cheap way to spin off all those RBOCs without doing a lot of SEC paperwork. Once free of the original company, the RBOCs built up their own businesses into behemoths before ultimately recombining into something that was much more malign than before. And nary a word of antitrust now.
Regulation might indeed guarantee that a bottle that says 'snake oil' is snake oil, but then that demonstrates in two words just what is wrong with our system. A lot of product regulations are backed by the very companies that the laws are supposed to affect in the first place, and in some cases the laws are drafted by them and handed to legislators by lobbyists. They use those laws to create regulated monopolies and stifle competition. That law will be used by established snake oil manufacturers to keep new competitors out of their market. Eastern Air did it in the 30s when they lobbied to have a monopoly over the European air routes, the auto manufacturers did it in the 40s to keep Preston Tucker out of their sandbox, and it still goes on today.