That is not my quote but it is my belief.
Now look at the prime examples of "free" market (here meaning as few regulations as possible) the US and the post-Thatcherite Great Britain - now broke with key industries already gone or about to be destroyed!
No, there are plenty of regulations in the US. Many of them are poor and outdated.
Of course capitalism needs some regulation; otherwise we're at the mercy of the greedy. In the end incentives have to exist for people to lend capital in order for business to get started, for jobs to get created, and for wealth to be accumulated.
Spare me the BS of having the government bureaucrat be the watchdog.. The argument that these folks are virtuous is one that doesn't hold water.