If there was no regulation and a company can pay £0 for dumping chemicals in the nearby lake or pay millions and millions for proper disposal which do you think they will take?
The courts support the free market. When that company dumps in a nearby lake it violates peoples rights. They sue and the company loses huge profit margins and thus doesn't ever wnat to do that.
It's simply improbable that a company would want to do soemthing to harm its image in the public view or lose millions to those harmed by their actions.
During the British Industrial Revolution, people took the factories to court all the time for damaging clothes, crops and land, then Parliament said Industry > People so gave them limited liability.
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