Our nation's original Constitution was written to keep the Government out of our hair. This was called a "laissez faire" policy. Government had little or no influence on business, education, religion, or other aspects of our lives. We practiced free enterprise, which meant there was competition. With this philosiphy and practice, everyone had a chance to make it to the "top".
But then the monopolists entered the picture in the late 1800's. People like John D. Rockefeller, J. P. Morgan and others - and they eliminated competition. John D. Rockefeller said, "competition is a sin."
These people wanted to be able to call the shots via Governments, banks and business institutions that were already bought and paid for (controlled). Think about all the monopolies that our Government runs. Education, money (Federal Reserve), Post Office, NASA, military, Court systems, Taxation, ect.
Our Government is a MONOPOLY - thus, regulation, socialism, and communism are all graduated forms of monopoly.