Regulation of business through law certainly benefits MY business

Seriously though, to a large part, its a no brainer. How do you expect to have economic activity without regulation? Your promise is worth nothing to me, until it becomes a contract I can enforce. Anyone can steal your innovations, until they are protected by intellectual property rights. And so on.

A well developed legal system is a prerequisite for anything much above a subsistence economy.

I'm a little bit bored with the 'shareholder first' scenario. A good corporation should be like a good citizen. Sure you can go out and earn an income, but you should be contributing to society not bringing it down.

Thats why we have taxes. (Which, yes, I know, they try to avoid. So we need smarter taxes)