You say regulation solving problems is unprovable when we have many examples of it doing so, then you claim that without regulation, we would solve things other ways, without any examples of that ever happening, let alone on a large scale. To “pierce the corporate veil both civilly and criminally” is legislation, as laws determine what is criminal. We also had exactly that in the US, where corporations lobbied for reduced regulation, saying that lawsuits would keep them honest through monetary losses. They then immediately went about lobbying to reduce lawsuit liability, cap payouts, and launched a vast PR campaign to paint lawsuits as money grabs by unscrupulous people looking for a payout.

And why wouldn’t a company “whose only product is trust” not be incentivized to sell that trust to the highest bidder? Companies sell out all the time and continue to do good business for a decade or more on customer trust they built up or came with the brand name they bought.

The saying “regulations are written in blood” comes to mind. So where are all the examples of things getting fixed through other means when regulation isn’t written to fix something?