"That's why the buccaneers of business and the barons of banking need to be toed up in regulations that are so tight that they will need permission from a government official to take a coffee break."

That also why the government holds back and stifles real progress and innovation. Socialist are under the impression there is only a defined amount of wealth and it is the government's duty to equally divide that wealth. Unfortunately that is the same mindset that actually promotes and creates larger and larger numbers of the "lease fortunate" We are creating generations of individuals who have chosen to join the "least fortunate" as a careers choice. Conservative believe it is the individuals duty it continually create more and more wealth. 
You can not make poor people richer by making rich people poorer.