Big business and big government are close cousins , the members of one leadership flow into the power positions of the other without much real retraining.
Big business can get unreasonably powerfull and intrusive in the lives of the people it affects , big government can do the same even easier.
I agree that the government must have the power to reign in business in excess, but I don't agree that the government needs to be just as big as all business to accomplish this. Nor would I agree that the rules need to be very complex to accomplish this.
Lots of business effort is coping with the balooning regulations , are we twice as safe if there are two agencys rather than one making rules on the same product?