What you're proposing sounds a lot like Communist VN and Communist China to me noco.
Buyer beware; Let the entrepreneurs do their things without red tapes and regulations and the results will be cheaper goods, more flexibility... OR, or cancer, early deaths, illness, poisoning... or cheaper goods.
Take a trip to VN or China and see what an unregulated market does to consumers.
I really cannot see the relevance to Communism..I think you are getting a bit carried away with yourself......
BTW...I have been to China in 1987.
Of course you have to regulations and we do have plenty here in Australia and under Labor there was plenty of RED TAPE.:topic